19,402 Crane NXT, Co. $CXT Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. lifted its position in shares of Crane NXT, Co. (NYSE:CXT) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,185,663 shares of the company’s stock after acquiring an additional 19,402 shares during the quarter. Congress Asset Management Co.’s holdings in Crane NXT were worth $55,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after purchasing an additional 535 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in shares of Crane NXT during the second quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Crane NXT during the second quarter valued at about $37,000. Integrated Wealth Concepts LLC bought a new stake in shares of Crane NXT during the second quarter worth about $53,000. Finally, State of Wyoming acquired a new position in shares of Crane NXT in the second quarter valued at approximately $124,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Trading Up 1.3%

NYSE:CXT traded up $0.64 on Tuesday, reaching $49.80. 416,929 shares of the stock traded hands, compared to its average volume of 753,945. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.58 and a beta of 1.08. The company’s 50 day moving average is $49.92 and its 200-day moving average is $46.31. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the previous year, the company earned $0.97 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities research analysts anticipate that Crane NXT, Co. will post 4.31 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Crane NXT’s dividend payout ratio is 29.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Friday, September 18th. Northland Securities set a $65.00 price target on shares of Crane NXT in a research report on Monday, August 10th. Jefferies Financial Group started coverage on shares of Crane NXT in a research note on Tuesday, September 22nd. They set a “buy” rating and a $60.00 price target for the company. Wall Street Zen upgraded shares of Crane NXT from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus target price of $66.83.

Crane NXT Profile

Crane NXT, Co (NYSE:CXT) is a technology company that provides solutions for payment processing, currency authentication and brand protection. Its products are used to help businesses securely accept, validate and manage cash and electronic payments, while also protecting currency, products and other valuable assets from counterfeiting and fraud.

Through its Crane Payment Innovations business, the company develops payment and merchandising technologies for markets such as automated retail, gaming, transportation, financial services and other commercial applications.