Crane NXT, Co. (CXT) to Issue Quarterly Dividend of $0.18 on September 9th

Crane NXT, Co. (NYSE:CXT) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be paid a dividend of 0.18 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 31st.

Crane NXT has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Crane NXT has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Crane NXT to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.3%.

Crane NXT Price Performance

CXT stock opened at $54.08 on Friday. The company has a market cap of $3.11 billion, a PE ratio of 22.35 and a beta of 1.09. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $46.51. Crane NXT has a 12-month low of $35.71 and a 12-month high of $69.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. Crane NXT had a return on equity of 20.00% and a net margin of 7.78%.The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $475.62 million. During the same period in the previous year, the company posted $0.97 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, research analysts predict that Crane NXT will post 4.23 EPS for the current year.

Hedge Funds Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in 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 in the last quarter. M&T Bank Corp increased its holdings 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. Peregrine Capital Management LLC increased its holdings 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. KLCM Advisors Inc. acquired a new stake in shares of Crane NXT during the 1st quarter valued at approximately $10,874,000. Finally, Gabelli Funds LLC lifted its stake in 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 purchasing an additional 19,658 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

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.