Radnor Capital Management LLC Makes New $948,000 Investment in Crane NXT, Co. (NYSE:CXT)

Radnor Capital Management LLC purchased a new stake in Crane NXT, Co. (NYSE:CXT) in the third quarter, HoldingsChannel reports. The firm purchased 16,895 shares of the company’s stock, valued at approximately $948,000.

Several other institutional investors have also made changes to their positions in CXT. GAMMA Investing LLC raised its stake in Crane NXT by 9.8% in the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock valued at $134,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after acquiring an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after acquiring an additional 265 shares in the last quarter. Arizona State Retirement System increased its stake in Crane NXT by 2.1% in the second quarter. Arizona State Retirement System now owns 13,548 shares of the company’s stock valued at $832,000 after acquiring an additional 279 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Crane NXT by 5.8% in the 3rd quarter. Ritholtz Wealth Management now owns 6,667 shares of the company’s stock valued at $374,000 after purchasing an additional 364 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson reissued a “buy” rating and set a $100.00 target price on shares of Crane NXT in a research note on Monday, September 30th. Northland Securities reduced their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird initiated coverage on Crane NXT in a research note on Thursday, October 17th. They set an “outperform” rating and a $77.00 target price for the company.

Crane NXT Trading Up 5.5 %

Shares of CXT stock opened at $56.95 on Thursday. Crane NXT, Co. has a 52-week low of $48.42 and a 52-week high of $64.80. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.14 and a beta of 1.33. The company has a 50-day simple moving average of $56.23 and a two-hundred day simple moving average of $58.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.20.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $370.60 million during the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. Research analysts anticipate that Crane NXT, Co. will post 4.27 EPS for the current fiscal year.

Crane NXT 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.