Crane NXT, Co. $CXT Stock Position Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC grew its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 102.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,632 shares of the company’s stock after purchasing an additional 10,435 shares during the period. Corient Private Wealth LLC’s holdings in Crane NXT were worth $971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $26,000 after acquiring an additional 535 shares in the last quarter. MidFirst Bank acquired a new stake in Crane NXT in the fourth quarter worth approximately $169,000. Invesco Ltd. lifted its position in Crane NXT by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,381,816 shares of the company’s stock worth $65,042,000 after purchasing an additional 15,516 shares during the period. XTX Topco Ltd bought a new position in Crane NXT during the 4th quarter valued at $3,408,000. Finally, Voloridge Investment Management LLC boosted its stake in Crane NXT by 495.7% during the 4th quarter. Voloridge Investment Management LLC now owns 109,073 shares of the company’s stock valued at $5,134,000 after purchasing an additional 90,764 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Trading Up 1.4%

NYSE:CXT opened at $52.67 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 23.51 and a beta of 1.10. The stock has a fifty day simple moving average of $42.73 and a 200 day simple moving average of $45.94.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the previous year, the company earned $0.54 EPS. The business’s revenue for the quarter 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. Sell-side analysts forecast that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is 32.14%.

Wall Street Analysts Forecast Growth

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

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.