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

SummitTX Capital L.P. decreased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 30.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,451 shares of the company’s stock after selling 12,231 shares during the period. SummitTX Capital L.P.’s holdings in Crane NXT were worth $1,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CXT. UBS Group AG boosted its stake in Crane NXT by 3.0% in the 4th quarter. UBS Group AG now owns 787,803 shares of the company’s stock valued at $37,082,000 after purchasing an additional 23,255 shares during the period. SG Americas Securities LLC grew its holdings in Crane NXT by 432.3% in the 4th quarter. SG Americas Securities LLC now owns 60,990 shares of the company’s stock valued at $2,871,000 after buying an additional 49,533 shares in the last quarter. M&T Bank Corp increased its position in Crane NXT by 409.4% during the 4th quarter. M&T Bank Corp now owns 58,514 shares of the company’s stock worth $2,754,000 after buying an additional 47,028 shares during the period. Peregrine Capital Management LLC increased its position in Crane NXT by 14.8% during the 4th quarter. Peregrine Capital Management LLC now owns 108,730 shares of the company’s stock worth $5,118,000 after buying an additional 14,007 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Crane NXT by 7.7% during the first quarter. Gabelli Funds LLC now owns 275,028 shares of the company’s stock worth $11,163,000 after buying an additional 19,658 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CXT shares. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a research report on Friday, May 8th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Northland Securities upgraded shares of 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. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Oppenheimer lowered their target price on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One equities research 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 stock. Based on data from MarketBeat.com, Crane NXT has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Stock Performance

Shares of Crane NXT stock opened at $51.92 on Thursday. The company’s 50 day moving average price is $46.08 and its two-hundred day moving average price is $46.41. The firm has a market capitalization of $2.99 billion, a P/E ratio of 23.18 and a beta of 1.10. Crane NXT, Co. has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99.

Crane NXT (NYSE:CXT) last released its quarterly 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. The company had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities analysts forecast that Crane NXT, Co. will post 4.23 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

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