Walleye Capital LLC Makes New $1.07 Million Investment in Crane NXT, Co. $CXT

Walleye Capital LLC purchased a new position in shares of Crane NXT, Co. (NYSE:CXT) during the second quarter, HoldingsChannel.com reports. The fund purchased 20,830 shares of the company’s stock, valued at approximately $1,066,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Camelot Portfolios LLC acquired a new stake in shares of Crane NXT in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake in Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position in Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CXT shares. Robert W. Baird set a $68.00 price target on Crane NXT in a research note on Friday, August 7th. Northland Securities set a $65.00 price target on Crane NXT in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Crane NXT in a report on Friday, July 31st. Finally, Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Crane NXT has a consensus rating of “Moderate Buy” and an average price target of $68.20.

Crane NXT Price Performance

Shares of CXT opened at $51.76 on Friday. The firm has a market capitalization of $2.98 billion, a PE ratio of 21.39 and a beta of 1.09. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The company’s fifty day moving average price is $49.40 and its 200-day moving average price is $46.55.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities research analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 is Monday, August 31st. Crane NXT’s payout ratio is presently 29.75%.

About Crane NXT

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.