10,807 Shares in Crane NXT, Co. $CXT Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, Holdings Channel reports. The firm bought 10,807 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in shares of Crane NXT in the 2nd quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 391 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Crane NXT Trading Up 1.1%

NYSE CXT opened at $50.28 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The company has a market cap of $2.89 billion, a P/E ratio of 20.78 and a beta of 1.09. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The company has a 50-day moving average of $50.92 and a 200-day moving average of $46.43.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The business 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 was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities analysts predict that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Announces Dividend

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

Crane NXT Company 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.