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

Simplicity Wealth LLC purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 11,110 shares of the company’s stock, valued at approximately $568,000.

A number of other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Crane NXT during the 3rd quarter valued at approximately $31,000. Camelot Portfolios LLC purchased a new stake in Crane NXT during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its stake in Crane NXT by 4,458.3% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Down 2.8%

Shares of CXT opened at $50.23 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $49.67 and a 200 day moving average of $46.53. The company has a market cap of $2.89 billion, a PE ratio of 20.76 and a beta of 1.09. Crane NXT, Co. has a 52-week low of $35.71 and a 52-week high of $69.00.

Crane NXT (NYSE:CXT) last posted 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. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, sell-side analysts expect 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. Investors of record on Monday, August 31st will be issued 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 dividend payout ratio is presently 29.75%.

Analysts Set New Price Targets

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

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.