21,437 Shares in Crane NXT, Co. $CXT Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Crane NXT, Co. (NYSE:CXT) in the second quarter, Holdings Channel reports. The fund bought 21,437 shares of the company’s stock, valued at approximately $1,096,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Crane NXT during the 2nd quarter worth about $329,797,000. Dimensional Fund Advisors LP lifted its holdings in shares of Crane NXT by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock valued at $78,366,000 after buying an additional 214,857 shares during the period. Alliancebernstein L.P. grew its holdings in Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after acquiring an additional 1,701,361 shares during the period. Victory Capital Management Inc. grew its holdings in Crane NXT by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock worth $78,212,000 after acquiring an additional 25,849 shares during the period. Finally, Channing Capital Management LLC raised its position in Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock valued at $73,983,000 after acquiring an additional 1,357,312 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CXT. Robert W. Baird set a $68.00 price target on Crane NXT in a report on Friday, August 7th. Northland Securities set a $65.00 price objective on shares of Crane NXT in a research note on Monday, August 10th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Crane NXT has an average rating of “Moderate Buy” and a consensus price target of $68.20.

Crane NXT Price Performance

NYSE:CXT opened at $50.13 on Friday. 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 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $2.89 billion, a PE ratio of 20.71 and a beta of 1.08. The stock’s 50-day moving average price is $51.22 and its 200-day moving average price is $46.29.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results 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. The firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.Crane NXT’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities analysts expect that Crane NXT, Co. will post 4.27 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be given a $0.18 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Crane NXT’s payout ratio is 29.75%.

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.