Prudent Man Advisors LLC Has $480,000 Stock Position in Crane NXT, Co. $CXT

Prudent Man Advisors LLC lowered its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,910 shares of the company’s stock after selling 310 shares during the period. Prudent Man Advisors LLC’s holdings in Crane NXT were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CXT. Teacher Retirement System of Texas bought a new stake in Crane NXT in the first quarter valued at $365,000. D.A. Davidson & CO. increased its position in shares of Crane NXT by 7.0% during the first quarter. D.A. Davidson & CO. now owns 155,396 shares of the company’s stock worth $7,987,000 after acquiring an additional 10,125 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Crane NXT in the 1st quarter worth about $44,000. Envestnet Asset Management Inc. grew its position in Crane NXT by 16.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 209,365 shares of the company’s stock worth $10,761,000 after purchasing an additional 28,956 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Crane NXT by 7.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,218 shares of the company’s stock worth $1,142,000 after purchasing an additional 1,595 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CXT. DA Davidson reissued a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research note on Friday. Finally, Oppenheimer increased their target price on shares of Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.00.

Crane NXT Price Performance

CXT stock opened at $66.14 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.20. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00. The firm’s fifty day moving average is $63.12 and its 200 day moving average is $57.00. The firm has a market cap of $3.80 billion, a P/E ratio of 25.24 and a beta of 1.36.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The company had revenue of $871.50 million for the quarter. Research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 29th. Crane NXT’s dividend payout ratio is 25.95%.

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.