Legato Capital Management LLC Makes New $586,000 Investment in Crane NXT, Co. $CXT

Legato Capital Management LLC acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,449 shares of the company’s stock, valued at approximately $586,000.

Other institutional investors also recently bought and sold shares of the company. Channing Capital Management LLC purchased a new position in Crane NXT during the 3rd quarter worth $14,384,000. Thrivent Financial for Lutherans increased its holdings in Crane NXT by 7.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,256,296 shares of the company’s stock worth $84,259,000 after purchasing an additional 89,049 shares during the period. Congress Asset Management Co. boosted its position in Crane NXT by 4.3% during the 4th quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock valued at $57,276,000 after acquiring an additional 49,669 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in Crane NXT during the 3rd quarter valued at $9,923,000. Finally, Vanguard Group Inc. boosted its position in Crane NXT by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock valued at $402,805,000 after acquiring an additional 64,523 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Stock Down 0.6%

Crane NXT stock opened at $40.86 on Wednesday. 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 $2.35 billion, a price-to-earnings ratio of 18.24 and a beta of 1.21. Crane NXT, Co. has a 1-year low of $37.00 and a 1-year high of $69.00. The business has a fifty day moving average price of $42.60 and a 200-day moving average price of $48.66.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share 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 period in the previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Equities research analysts forecast 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 will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, May 29th. Crane NXT’s payout ratio is 32.14%.

Analyst Upgrades and Downgrades

CXT has been the topic of several recent research reports. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Oppenheimer dropped their target price 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. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, May 15th. DA Davidson reaffirmed a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $67.00 target price on Crane NXT in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average 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.