Handelsbanken Fonder AB Takes $791,000 Position in Crane NXT, Co. $CXT

Handelsbanken Fonder AB purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT) in the 4th quarter, Holdings Channel reports. The fund purchased 16,800 shares of the company’s stock, valued at approximately $791,000.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position 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 purchasing an additional 391 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Crane NXT by 23.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock worth $9,139,000 after purchasing an additional 33,336 shares in the last quarter. Jane Street Group LLC increased its position in shares of Crane NXT by 89.0% during the first quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock worth $2,679,000 after purchasing an additional 24,540 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Crane NXT by 24.0% during the second quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock worth $297,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Crane NXT during the second quarter worth $511,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a report on Friday, May 8th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Friday, May 15th. DA Davidson reissued a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a report on Tuesday, February 17th. Finally, UBS Group set a $58.00 price objective on shares of Crane NXT in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Trading Down 4.2%

CXT stock opened at $39.08 on Thursday. The company’s 50-day simple moving average is $42.54 and its 200-day simple moving average is $48.51. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 52-week low of $37.00 and a 52-week high of $69.00. The firm has a market cap of $2.25 billion, a P/E ratio of 17.45 and a beta of 1.21.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities analysts forecast that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.8%. Crane NXT’s dividend payout ratio (DPR) 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.