Crane NXT, Co. $CXT Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Crane NXT, Co. (NYSE:CXT) by 20.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,642 shares of the company’s stock after selling 16,946 shares during the period. Sterling Capital Management LLC owned about 0.11% of Crane NXT worth $2,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Camelot Portfolios LLC purchased a new stake in Crane NXT during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Crane NXT by 4,458.3% in the fourth 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 during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Crane NXT during the third quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Crane NXT during the third quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC raised 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 during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CXT. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a research note on Friday, May 8th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Friday, May 15th. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Oppenheimer cut their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Trading Up 0.2%

NYSE CXT opened at $48.76 on Monday. The firm’s 50-day moving average is $42.29 and its two-hundred day moving average is $46.05. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The stock has a market capitalization of $2.81 billion, a P/E ratio of 21.77 and a beta of 1.15.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, sell-side analysts anticipate that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 29th. Crane NXT’s payout ratio is currently 32.14%.

About Crane NXT

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.