Goelzer Investment Management Inc. buys 3326 Crane NXT, Co. (NYSE:CXT)

Goelzer Investment Management Inc. acquired a new position in shares of Crane NXT, Co. (NYSE:CXT – Free Report) in the 1st quarter, according to the company’s latest SEC filing. The institutional investor purchased 3,326 shares of the company’s stock worth approximately $206,000.

Other major investors also recently changed their positions in the company. Stifel Financial Corp bought a new share of Crane NXT in Q3 worth approximately $1,853,000. Federated Hermes Inc. bought a new share of Crane NXT in Q3 worth approximately $204,000. Northern Trust Corp acquired a new position in shares of Crane NXT in Q3 worth approximately $21,496,000. Treasurer of the State of North Carolina acquired a new position in shares of Crane NXT in Q3 worth approximately $1,174,000. Finally, Bank of Nova Scotia acquired a new position in shares of Crane NXT in Q3 worth approximately $408,000. Institutional investors hold 77.49% of the company’s shares.

Crane NXT down 0.1%

NYSE:CXT shares were down $0.03 at midday on Monday, to $56.87. The company’s shares had trading volume of 85,720 shares, compared to its average volume of 324,482. Crane NXT, Co. has a 12-month low of $48.42 and a 12-month high of $64.80. The company has a current ratio of 2.12, a quick ratio of 1.56 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 17.95 and a beta of 1.34. The company has a 50-day simple moving average of $61.14 and a 200-day simple moving average of $59.82.

Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly results on Wednesday, May 8. The company reported $0.85 earnings per share (EPS) for the quarter, which missed the consensus estimate of $0.86 by ($0.01). The company had revenue of $313.60 million for the quarter, compared to the consensus estimate of $311.72 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company’s revenue for the quarter dropped 4.7% year-over-year. During the same quarter last year, the company posted earnings per share of $0.96. Analysts, on average, predict that Crane NXT, Co. will post an EPS of 4.3 for the current year.

Crane NXT announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12. Investors of record on Friday, May 31, received a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 31. Crane NXT’s payout ratio is currently 20.19%.

Analysts set new price targets

Several equities analysts recently issued reports on shares of CXT. Northland Securities initiated coverage of Crane NXT in a report on Monday, April 8th. They issued an “outperform” rating and a $91.00 price target for the company. DA Davidson raised their price target on Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 18th.

Read our latest research report on CXT

NXT Crane Profile

(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 the 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, service solutions, remote diagnostics and productivity software solutions.

Crane NXT down 0.1%

Crane NXT announces dividend

Analysts set new price targets

NXT Crane Profile

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