Conestoga Capital Advisors LLC Has $14.77 Million Holdings in Crane NXT, Co. $CXT

Conestoga Capital Advisors LLC trimmed its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 62.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 363,898 shares of the company’s stock after selling 615,524 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Crane NXT were worth $14,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. US Bancorp DE grew its position in shares of Crane NXT by 2.0% during the 3rd quarter. US Bancorp DE now owns 8,445 shares of the company’s stock worth $566,000 after purchasing an additional 169 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Crane NXT by 6.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock valued at $233,000 after buying an additional 206 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Crane NXT by 0.6% in the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock valued at $2,423,000 after buying an additional 271 shares in the last quarter. Madison Asset Management LLC raised its position in shares of 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 in the last quarter. Finally, Creative Planning boosted its stake in shares of 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. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $51.89 on Thursday. The firm has a 50 day moving average of $42.60 and a 200-day moving average of $45.93. The stock has a market capitalization of $2.99 billion, a PE ratio of 23.17 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00.

Crane NXT (NYSE:CXT) last posted its quarterly 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. The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities research analysts predict that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is currently 32.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CXT. Oppenheimer reduced their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Friday, May 15th. Robert W. Baird set a $67.00 target price on Crane NXT in a report on Friday, May 8th. Finally, Zacks Research raised 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 assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.40.

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.