375,545 Shares in Crane NXT, Co. $CXT Purchased by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 375,545 shares of the company’s stock, valued at approximately $19,212,882,000.

A number of other large investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in shares of Crane NXT by 6.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after buying an additional 206 shares during the period. California State Teachers Retirement System raised its stake in shares of Crane NXT by 0.6% during the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after buying an additional 271 shares during the last quarter. Madison Asset Management LLC lifted its holdings in Crane NXT by 0.6% in the fourth quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock valued at $2,132,000 after buying an additional 290 shares during the period. Creative Planning lifted its holdings in Crane NXT by 2.9% in the third quarter. Creative Planning now owns 13,472 shares of the company’s stock valued at $904,000 after buying an additional 384 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Crane NXT by 7.7% in the fourth quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock valued at $254,000 after acquiring an additional 386 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

CXT opened at $50.34 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The company has a fifty day simple moving average of $50.41 and a 200 day simple moving average of $46.49. The stock has a market cap of $2.90 billion, a P/E ratio of 20.80 and a beta of 1.09.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, research analysts expect that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on CXT. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Robert W. Baird set a $68.00 price target on Crane NXT in a research note on Friday, August 7th. Northland Securities set a $65.00 price target on Crane NXT in a research report on Monday, August 10th. Finally, Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and a consensus target price of $68.20.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.