Analysts Set Crane NXT, Co. (NYSE:CXT) Price Target at $65.40

Shares of Crane NXT, Co. (NYSE:CXT) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $65.40.

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a research report on Friday, May 8th. DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. UBS Group set a $58.00 price target on shares of Crane NXT in a research report on Friday, February 13th. Finally, Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th.

Crane NXT Trading Down 2.7%

Shares of CXT opened at $39.01 on Friday. The company’s fifty day moving average is $42.45 and its 200 day moving average is $48.28. Crane NXT has a fifty-two week low of $37.00 and a fifty-two week high of $69.00. The stock has a market capitalization of $2.24 billion, a PE ratio of 17.41 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The company had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. Crane NXT’s quarterly revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Sell-side analysts expect that Crane NXT will post 4.22 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s payout ratio is presently 32.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CXT. Alliancebernstein L.P. boosted its stake in Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after buying an additional 1,701,361 shares during the period. Channing Capital Management LLC boosted its stake in Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after buying an additional 1,357,312 shares during the period. Norges Bank purchased a new position in Crane NXT during the fourth quarter worth $30,057,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Crane NXT during the third quarter worth $35,309,000. Finally, New York State Common Retirement Fund boosted its stake in Crane NXT by 409.6% during the fourth quarter. New York State Common Retirement Fund now owns 392,187 shares of the company’s stock worth $18,460,000 after buying an additional 315,228 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.