13,115 Shares in Crane NXT, Co. (NYSE:CXT) Bought by RNC Capital Management LLC

RNC Capital Management LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) in the 4th quarter, Holdings Channel.com reports. The fund bought 13,115 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also made changes to their positions in CXT. Wilmington Savings Fund Society FSB acquired a new position in shares of Crane NXT during the 3rd quarter worth about $32,000. Fifth Third Bancorp boosted its position in shares of Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 276 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth about $45,000. GAMMA Investing LLC boosted its position in shares of Crane NXT by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock worth $144,000 after acquiring an additional 380 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth about $181,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Stock Down 1.2 %

Crane NXT stock opened at $64.06 on Friday. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The company has a market capitalization of $3.66 billion, a P/E ratio of 21.00 and a beta of 1.36. The stock has a 50-day simple moving average of $61.40 and a 200-day simple moving average of $58.72.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.14 by $0.02. The firm had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. Equities research analysts expect that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Analyst Ratings Changes

CXT has been the subject of several analyst reports. Baird R W raised Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their target price on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.