Royal Bank of Canada Sells 58,344 Shares of Crane NXT, Co. $CXT

Royal Bank of Canada lessened its holdings in Crane NXT, Co. (NYSE:CXT) by 44.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,743 shares of the company’s stock after selling 58,344 shares during the quarter. Royal Bank of Canada owned 0.13% of Crane NXT worth $2,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CXT. UBS Group AG grew its stake in shares of Crane NXT by 3.0% during the fourth quarter. UBS Group AG now owns 787,803 shares of the company’s stock valued at $37,082,000 after buying an additional 23,255 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of Crane NXT by 14.8% in the 4th quarter. Peregrine Capital Management LLC now owns 108,730 shares of the company’s stock valued at $5,118,000 after acquiring an additional 14,007 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Crane NXT by 409.4% in the 4th quarter. M&T Bank Corp now owns 58,514 shares of the company’s stock valued at $2,754,000 after acquiring an additional 47,028 shares during the last quarter. KLCM Advisors Inc. bought a new stake in shares of Crane NXT in the 1st quarter valued at about $10,874,000. Finally, Gabelli Funds LLC boosted its holdings in Crane NXT by 7.7% during the 1st quarter. Gabelli Funds LLC now owns 275,028 shares of the company’s stock valued at $11,163,000 after acquiring an additional 19,658 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

CXT stock opened at $51.76 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.39 and a beta of 1.09. The firm’s 50-day moving average price is $49.40 and its two-hundred day moving average price is $46.55. 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 posted its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. Crane NXT’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities analysts predict that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be issued a $0.18 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is 29.75%.

Analyst Upgrades and Downgrades

CXT has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Crane NXT in a research report on Friday, July 31st. Robert W. Baird set a $68.00 price objective on Crane NXT in a research report on Friday, August 7th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Northland Securities set a $65.00 price objective on Crane NXT in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and an average price target of $68.20.

Crane NXT 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.