31,897 Shares in Crane NXT, Co. $CXT Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) in the second quarter, HoldingsChannel.com reports. The firm bought 31,897 shares of the company’s stock, valued at approximately $1,596,000.

A number of other hedge funds also recently bought and sold shares of CXT. Caitong International Asset Management Co. Ltd grew its position in shares of Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after purchasing an additional 535 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Crane NXT during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Crane NXT by 4,080.0% during the second 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. Jones Financial Companies Lllp lifted its holdings in shares of Crane NXT by 120.3% during 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 during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Crane NXT in the 4th quarter valued at $42,000. 77.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CXT. Northland Securities set a $65.00 price objective on Crane NXT in a research report on Monday, August 10th. Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a research note on Friday, August 7th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note 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 report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus price target of $68.20.

Crane NXT Trading Up 0.3%

CXT opened at $50.28 on Monday. The firm has a market cap of $2.89 billion, a PE ratio of 20.78 and a beta of 1.09. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. The firm’s fifty day moving average is $50.92 and its two-hundred day moving average is $46.37.

Crane NXT (NYSE:CXT) last posted its earnings results 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. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $475.62 million. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities research analysts anticipate that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be given a $0.18 dividend. 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 payout ratio is currently 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.