Crane NXT (NYSE:CXT) Reaches New 12-Month Low – Should You Sell?

Crane NXT, Co. (NYSE:CXT)’s stock price reached a new 52-week low on Friday . The stock traded as low as $52.04 and last traded at $52.10, with a volume of 117626 shares. The stock had previously closed at $53.51.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Northland Securities cut Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Price Performance

The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 16.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The company has a fifty day simple moving average of $59.47 and a two-hundred day simple moving average of $58.26.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. As a group, equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.17 dividend. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. Crane NXT’s dividend payout ratio (DPR) is presently 21.32%.

Hedge Funds Weigh In On Crane NXT

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC bought a new position in shares of Crane NXT in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crane NXT in the 3rd quarter valued at $32,000. Fifth Third Bancorp increased its stake in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares during the last quarter. Quarry LP bought a new position in shares of Crane NXT in the 4th quarter valued at $42,000. Finally, Covestor Ltd increased its stake in shares of Crane NXT by 38.6% in the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock valued at $43,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

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.