SummitTX Capital L.P. Has $1.16 Million Stock Holdings in Crane NXT, Co. $CXT

SummitTX Capital L.P. trimmed its holdings in Crane NXT, Co. (NYSE:CXT) by 30.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,451 shares of the company’s stock after selling 12,231 shares during the quarter. SummitTX Capital L.P.’s holdings in Crane NXT were worth $1,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in Crane NXT in the 3rd quarter valued at about $31,000. Camelot Portfolios LLC acquired a new position in shares of Crane NXT during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Crane NXT by 4,458.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after purchasing an additional 535 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Crane NXT Trading Down 4.8%

CXT opened at $51.92 on Thursday. The firm’s fifty day moving average is $46.08 and its two-hundred day moving average is $46.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The firm has a market cap of $2.99 billion, a PE ratio of 23.18 and a beta of 1.10. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00.

Crane NXT (NYSE:CXT) last announced 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. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The company had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. During the same period in the prior year, the company earned $0.54 earnings per share. The company’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. Equities research analysts anticipate that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Dividend Announcement

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