BlackRock Inc. Takes $329.80 Million Position in Crane NXT, Co. $CXT

BlackRock Inc. acquired a new position in Crane NXT, Co. (NYSE:CXT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,446,385 shares of the company’s stock, valued at approximately $329,797,000. BlackRock Inc. owned 0.11% of Crane NXT at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Camelot Portfolios LLC purchased a new position in shares of Crane NXT in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 612 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 391 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

CXT opened at $50.58 on Thursday. The stock’s 50 day simple moving average is $50.80 and its 200 day simple moving average is $46.45. 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 firm has a market cap of $2.91 billion, a price-to-earnings ratio of 20.90 and a beta of 1.09.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The company 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 firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, analysts predict that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio is currently 29.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CXT shares. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $68.00 price objective on Crane NXT in a research note on Friday, August 7th. Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Northland Securities set a $65.00 price target on Crane NXT in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and a consensus price target of $68.20.

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.