Crane NXT, Co. $CXT is Southernsun Asset Management LLC’s 9th Largest Position

Southernsun Asset Management LLC raised its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 17.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 783,808 shares of the company’s stock after buying an additional 115,598 shares during the quarter. Crane NXT comprises approximately 4.6% of Southernsun Asset Management LLC’s holdings, making the stock its 9th largest holding. Southernsun Asset Management LLC’s holdings in Crane NXT were worth $31,815,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CXT. Alliancebernstein L.P. raised its holdings in shares of Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after purchasing an additional 1,701,361 shares during the last quarter. Channing Capital Management LLC boosted its holdings in Crane NXT by 632.9% in the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock valued at $73,983,000 after purchasing an additional 1,357,312 shares during the last quarter. Norges Bank purchased a new stake in Crane NXT in the fourth quarter valued at $30,057,000. New York State Common Retirement Fund grew its position in Crane NXT by 409.6% during the 4th quarter. New York State Common Retirement Fund now owns 392,187 shares of the company’s stock worth $18,460,000 after purchasing an additional 315,228 shares during the period. Finally, KLCM Advisors Inc. acquired a new stake in Crane NXT during the 1st quarter worth about $10,874,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Crane NXT Stock Up 0.3%

CXT stock opened at $51.24 on Wednesday. Crane NXT, Co. has a one year low of $35.71 and a one year high of $69.00. 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’s fifty day moving average is $44.42 and its 200 day moving average is $46.23. The firm has a market cap of $2.95 billion, a PE ratio of 22.87 and a beta of 1.10.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s revenue 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. On average, research analysts forecast that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Announces Dividend

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

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.