11,110 Shares in Crane NXT, Co. $CXT Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,110 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds have also bought and sold shares of CXT. Alliancebernstein L.P. raised its stake in shares of Crane NXT by 2,449.9% in the second 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 period. Channing Capital Management LLC grew its stake in shares of Crane NXT by 632.9% during the 4th 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 during the period. Norges Bank purchased a new stake in Crane NXT in the 4th quarter worth approximately $30,057,000. Bank of New York Mellon Corp purchased a new stake in Crane NXT in the 2nd quarter worth approximately $23,160,000. Finally, New York State Common Retirement Fund increased its holdings in Crane NXT by 409.6% in the 4th quarter. New York State Common Retirement Fund now owns 392,187 shares of the company’s stock worth $18,460,000 after acquiring an additional 315,228 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Crane NXT Stock Down 2.8%

NYSE CXT opened at $50.23 on Tuesday. The stock’s 50 day moving average is $49.67 and its 200 day moving average is $46.53. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The stock has a market cap of $2.89 billion, a PE ratio of 20.76 and a beta of 1.09.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) 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 analyst estimates of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Research analysts predict that Crane NXT, Co. will post 4.27 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is presently 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.