Crane NXT, Co. $CXT Holdings Trimmed by Strs Ohio

Strs Ohio lowered its holdings in Crane NXT, Co. (NYSE:CXT) by 98.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,173 shares of the company’s stock after selling 81,998 shares during the period. Strs Ohio’s holdings in Crane NXT were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CXT. Smartleaf Asset Management LLC grew its holdings in shares of Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Quent Capital LLC acquired a new stake in Crane NXT during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT during the 3rd quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Crane NXT in the 3rd quarter valued at about $33,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Crane NXT in the fourth quarter worth approximately $25,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

CXT opened at $42.65 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $43.82 and its two-hundred day moving average price is $50.42. The firm has a market capitalization of $2.45 billion, a P/E ratio of 19.04 and a beta of 1.21. Crane NXT, Co. has a 12-month low of $39.23 and a 12-month high of $69.00.

Crane NXT (NYSE:CXT) last posted 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 net margin of 7.57% and a return on equity of 19.59%. The company had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same period last year, the business posted $0.54 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. 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 4.26 earnings per share for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Crane NXT’s dividend payout ratio is presently 32.14%.

Analyst Ratings Changes

A number of research analysts recently commented on CXT shares. Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. DA Davidson restated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a report on Tuesday, February 17th. Oppenheimer dropped their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Northland Securities set a $62.00 price objective on Crane NXT in a report on Wednesday, February 18th. Finally, Zacks Research cut Crane NXT from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.40.

Crane NXT Company 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.