Quest Partners LLC invests $191,000 in Crane NXT, Co. (NYSE:CXT)

Quest Partners LLC has acquired new shares of Crane NXT, Co., according to its latest 13F filing with the Securities and Exchange Commission. (NYSE:CXT – Free Report) in the fourth quarter. The institutional investor bought 3,363 shares of the company’s stock worth approximately $191,000.

Several other hedge funds also increased or decreased their holdings in CXT. Commonwealth Equity Services LLC acquired a new stake in shares of Crane NXT during the third quarter worth approximately $360,000. Teacher Retirement System of Texas bought a new stake in shares of Crane NXT during the third quarter worth $611,000. Simplex Trading LLC acquired a new position in Crane NXT during the 3rd quarter valued at $85,000. M&T Bank Corp purchased a new position in Crane NXT during the 3rd quarter valued at $533,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Crane NXT during the third quarter valued at $5,815,000. Institutional investors and hedge funds hold 77.49% of the company’s shares.

Wall Street analysts predict growth

Many research firms have recently commented on CXT. DA Davidson increased their price target on shares of Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Northland Securities covered Crane NXT in a research report on Monday, April 8th. They set an “outperform” rating and a $91.00 price target for the company.

See our latest analysis for CXT

Crane NXT Trading up 1.0%

CXT stock opened at $61.58 on Tuesday. The company has a debt to equity ratio of 0.66, a quick ratio of 1.56 and a current ratio of 2.12. Crane NXT, Co. it has a fifty-two week low of $48.42 and a fifty-two week high of $63.89. The company has a market capitalization of $3.52 billion, a PE ratio of 19.43 and a beta of 1.36. The stock’s fifty-day moving average price is $61.05 and its two-hundred-day moving average price is $58.07.

Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the analyst consensus estimate of $0.86 ($0.01). Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company’s revenue for the quarter was $313.60 million, compared to analyst estimates of $311.72 million. In the same quarter last year, the company earned $0.96 per share. Crane NXT’s revenue for the quarter was down 4.7% compared to the same quarter last year. Stock analysts predict that Crane NXT, Co. will report 4.3 EPS for the current fiscal year.

Crane NXT announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12. Record investors will receive a dividend of $0.16 per share on Friday, May 31. This translates into an annual dividend of $0.64 and a dividend yield of 1.04%. The ex-dividend date is Friday, May 31. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

About Crane NXT

(free report)

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 its Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic hardware and related software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics and productivity software solutions.

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