12,449 Shares in Crane NXT, Co. $CXT Bought by Legato Capital Management LLC

Legato Capital Management LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) during the 4th quarter, HoldingsChannel reports. The firm bought 12,449 shares of the company’s stock, valued at approximately $586,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CXT. Alliancebernstein L.P. grew its stake in Crane NXT by 2,449.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after buying an additional 1,701,361 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Crane NXT during the 3rd quarter worth $35,309,000. Victory Capital Management Inc. raised its stake in Crane NXT by 19.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,635,770 shares of the company’s stock worth $109,711,000 after acquiring an additional 260,986 shares during the last quarter. Channing Capital Management LLC purchased a new position in Crane NXT in the 3rd quarter worth $14,384,000. Finally, Thornburg Investment Management Inc. purchased a new stake in Crane NXT during the 3rd quarter valued at about $9,923,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CXT. Robert W. Baird set a $67.00 price target on Crane NXT in a research note on Friday, May 8th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, May 15th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, UBS Group set a $58.00 target price on Crane NXT in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Trading Down 0.6%

Crane NXT stock opened at $40.86 on Wednesday. The stock has a 50-day moving average price of $42.60 and a 200 day moving average price of $48.66. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 18.24 and a beta of 1.21. Crane NXT, Co. has a 52 week low of $37.00 and a 52 week high of $69.00. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Sell-side analysts anticipate that Crane NXT, Co. will post 4.22 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. Crane NXT’s dividend payout ratio (DPR) is presently 32.14%.

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.