Corient Private Wealth LP Purchases New Stake in Crane NXT, Co. $CXT

Corient Private Wealth LP acquired a new position in Crane NXT, Co. (NYSE:CXT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,174 shares of the company’s stock, valued at approximately $1,134,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Crane NXT in the 2nd quarter valued at about $329,797,000. Dimensional Fund Advisors LP boosted its stake in shares of Crane NXT by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock worth $78,366,000 after acquiring an additional 214,857 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Crane NXT by 2,449.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after acquiring an additional 1,701,361 shares during the period. Victory Capital Management Inc. increased its stake in Crane NXT by 1.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after purchasing an additional 25,849 shares in the last quarter. Finally, Channing Capital Management LLC boosted its position in Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after purchasing an additional 1,357,312 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CXT has been the subject of several research reports. Robert W. Baird set a $68.00 price target on Crane NXT in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Northland Securities set a $65.00 price objective 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 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.20.

Crane NXT Price Performance

CXT stock opened at $50.13 on Friday. The stock has a 50-day moving average price of $51.22 and a two-hundred day moving average price of $46.29. The company has a market cap of $2.89 billion, a PE ratio of 20.71 and a beta of 1.08. 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 12-month low of $35.71 and a 12-month high of $69.00.

Crane NXT (NYSE:CXT) last issued its 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 return on equity of 19.87% and a net margin of 7.78%.The business had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $475.62 million. During the same quarter in the previous year, the business 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. As a group, research analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.72 annualized dividend and a dividend 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.