Crane NXT, Co. $CXT Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in Crane NXT, Co. (NYSE:CXT) by 89.6% in the third quarter, HoldingsChannel reports. The firm owned 21,060 shares of the company’s stock after buying an additional 9,950 shares during the period. Simplicity Wealth LLC’s holdings in Crane NXT were worth $992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CXT. Transamerica Financial Advisors LLC acquired a new position in shares of Crane NXT during the second quarter valued at about $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Crane NXT during the 2nd quarter worth about $37,000. Integrated Wealth Concepts LLC bought a new position in shares of Crane NXT during the 2nd quarter worth about $53,000. State of Wyoming acquired a new stake in shares of Crane NXT in the 2nd quarter valued at about $124,000. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Crane NXT in the 1st quarter valued at about $125,000. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Performance

CXT opened at $58.27 on Wednesday. The company’s fifty day moving average price is $50.40 and its two-hundred day moving average price is $47.77. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $66.44.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities analysts forecast that Crane NXT, Co. will post 4.31 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CXT shares. DA Davidson reaffirmed a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a research report on Friday, September 18th. Northland Securities set a $65.00 price target on Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 price target on Crane NXT in a report on Friday, August 7th. Jefferies Financial Group started coverage on Crane NXT in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Wall Street Zen upgraded Crane NXT from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.83.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.