Y Intercept Hong Kong Ltd Invests $590,000 in Crane NXT, Co. $CXT

Y Intercept Hong Kong Ltd bought a new stake in Crane NXT, Co. (NYSE:CXT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,526 shares of the company’s stock, valued at approximately $590,000.

Other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Crane NXT in the 3rd quarter worth about $31,000. Camelot Portfolios LLC purchased a new position in shares of Crane NXT during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after buying an additional 612 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CXT. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, May 15th. Oppenheimer lowered their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Finally, Robert W. Baird set a $67.00 price objective on Crane NXT in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

Crane NXT Stock Down 0.6%

Shares of NYSE CXT opened at $50.53 on Tuesday. The firm’s fifty day moving average is $43.60 and its 200 day moving average is $46.09. Crane NXT, Co. has a 52 week low of $35.71 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. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 22.56 and a beta of 1.10.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities research analysts expect that Crane NXT, Co. will post 4.23 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is currently 32.14%.

Crane NXT 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.