Vanguard Group Inc. Sells 23,747 Shares of Crane NXT, Co. $CXT

Vanguard Group Inc. decreased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,981,999 shares of the company’s stock after selling 23,747 shares during the period. Vanguard Group Inc. owned 0.10% of Crane NXT worth $281,573,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CXT. Smartleaf Asset Management LLC increased its position in shares of Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 228 shares during the period. Quent Capital LLC purchased a new position in Crane NXT during the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT during the third quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in Crane NXT during the 3rd quarter worth approximately $33,000. Finally, Neo Ivy Capital Management bought a new position in Crane NXT in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Up 3.5%

Shares of NYSE:CXT opened at $45.42 on Friday. Crane NXT, Co. has a 52-week low of $39.23 and a 52-week high of $69.00. The firm has a market capitalization of $2.61 billion, a P/E ratio of 20.27 and a beta of 1.21. The stock has a 50 day moving average price of $44.15 and a 200-day moving average price of $50.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.29 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is 32.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CXT shares. DA Davidson reissued a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research note on Tuesday, February 17th. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a report on Friday. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Northland Securities set a $62.00 price target on Crane NXT in a research note on Wednesday, February 18th. Finally, Oppenheimer decreased their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.40.

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.