Neumeier Poma Investment Counsel LLC Has $25.93 Million Stake in Crane NXT, Co. $CXT

Neumeier Poma Investment Counsel LLC lifted its position in shares of Crane NXT, Co. (NYSE:CXT) by 54.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,536 shares of the company’s stock after buying an additional 136,060 shares during the period. Crane NXT comprises about 2.1% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 25th largest holding. Neumeier Poma Investment Counsel LLC owned 0.67% of Crane NXT worth $25,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC acquired a new position in Crane NXT during the 2nd quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its position in shares of Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Quent Capital LLC acquired a new position in Crane NXT during the third quarter worth $28,000. Heartwood Wealth Advisors LLC acquired a new position in Crane NXT during the third quarter worth $34,000. Finally, EverSource Wealth Advisors LLC grew its position in 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. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Down 1.2%

Crane NXT stock opened at $50.94 on Thursday. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $69.00. The stock has a market cap of $2.92 billion, a P/E ratio of 20.29 and a beta of 1.18. The company’s 50-day moving average price is $50.63 and its two-hundred day moving average price is $57.31. The company has a quick ratio of 1.20, a current ratio of 1.50 and a debt-to-equity ratio of 0.80.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, February 11th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The company had revenue of $476.90 million for the quarter, compared to analyst estimates of $450.53 million. Crane NXT had a return on equity of 19.84% and a net margin of 8.76%.The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Saturday, February 28th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Crane NXT’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CXT. DA Davidson restated a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research note on Tuesday, February 17th. Northland Securities set a $62.00 price target on Crane NXT in a research report on Wednesday, February 18th. Robert W. Baird set a $73.00 price target on Crane NXT in a research note on Friday, February 13th. UBS Group set a $58.00 price objective on Crane NXT in a research note on Friday, February 13th. Finally, CJS Securities raised shares of Crane NXT to a “strong-buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

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.