Crane NXT, Co. $CXT Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,642 shares of the company’s stock after selling 16,946 shares during the period. Sterling Capital Management LLC’s holdings in Crane NXT were worth $2,664,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CXT. Alliancebernstein L.P. boosted its position in Crane NXT by 2,449.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after buying an additional 1,701,361 shares during the period. Capital International Investors increased its position in shares of Crane NXT by 0.3% during the third quarter. Capital International Investors now owns 1,722,708 shares of the company’s stock worth $115,542,000 after acquiring an additional 5,984 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Crane NXT by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,943 shares of the company’s stock valued at $80,773,000 after acquiring an additional 93,144 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Crane NXT by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after acquiring an additional 25,849 shares in the last quarter. Finally, 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 period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

Shares of NYSE CXT opened at $48.76 on Monday. The stock’s 50-day simple moving average is $42.29 and its 200-day simple moving average is $46.05. The firm has a market capitalization of $2.81 billion, a PE ratio of 21.77 and a beta of 1.15. 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 quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities research analysts forecast that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 29th. Crane NXT’s payout ratio is currently 32.14%.

Analyst Upgrades and Downgrades

CXT has been the subject of several analyst reports. 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 research note on Friday, May 15th. 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 research report on Tuesday, May 12th. Oppenheimer cut their target price 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. Finally, Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Crane NXT presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

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.