EULAV Asset Management Boosts Stake in Crane NXT, Co. $CXT

EULAV Asset Management boosted its holdings in Crane NXT, Co. (NYSE:CXT) by 23.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 75,300 shares of the company’s stock after acquiring an additional 14,500 shares during the quarter. EULAV Asset Management’s holdings in Crane NXT were worth $5,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AlphaQuest LLC acquired a new position in shares of Crane NXT during the 2nd quarter worth $25,000. Quent Capital LLC purchased a new stake in Crane NXT during the third quarter worth about $28,000. Heartwood Wealth Advisors LLC acquired a new position in Crane NXT during the third quarter worth about $34,000. EverSource Wealth Advisors LLC grew its position in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after buying an additional 612 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $51.63 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 19.26 and a beta of 1.18. The business has a fifty day simple moving average of $53.04 and a 200-day simple moving average of $58.43. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.69.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, November 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The firm had revenue of $445.10 million for the quarter, compared to the consensus estimate of $431.38 million. Crane NXT had a return on equity of 20.24% and a net margin of 9.80%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. Crane NXT has set its FY 2025 guidance at 4.000-4.100 EPS. Equities research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Crane NXT’s dividend payout ratio (DPR) is currently 25.37%.

Analysts Set New Price Targets

CXT has been the topic of several research analyst reports. Oppenheimer boosted their price target on Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Robert W. Baird decreased their target price on Crane NXT from $88.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. CJS Securities raised Crane NXT to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.80.

About Crane NXT

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.