Crane NXT, Co. $CXT Shares Purchased by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN raised its position in Crane NXT, Co. (NYSE:CXT) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,153 shares of the company’s stock after purchasing an additional 15,229 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.19% of Crane NXT worth $4,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CXT. Congress Asset Management Co. boosted its position in Crane NXT by 4.3% during the fourth quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock worth $57,276,000 after acquiring an additional 49,669 shares during the last quarter. Thornburg Investment Management Inc. purchased a new position in shares of Crane NXT during the 3rd quarter worth $9,923,000. UBS Group AG lifted its stake in shares of Crane NXT by 3.0% during the 4th quarter. UBS Group AG now owns 787,803 shares of the company’s stock worth $37,082,000 after purchasing an additional 23,255 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Crane NXT by 12.9% during the third quarter. Segall Bryant & Hamill LLC now owns 306,813 shares of the company’s stock worth $20,578,000 after purchasing an additional 35,137 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Crane NXT by 1.1% during the third quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock worth $402,805,000 after purchasing an additional 64,523 shares during the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CXT. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note on Friday, May 15th. Robert W. Baird set a $67.00 price target on Crane NXT in a research note on Friday, May 8th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Oppenheimer decreased their target price on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. One equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Stock Down 0.8%

CXT stock opened at $45.27 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $42.16 and a 200-day simple moving average of $46.27. The company has a market capitalization of $2.60 billion, a P/E ratio of 20.21 and a beta of 1.15. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00.

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

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Crane NXT’s dividend payout ratio (DPR) is presently 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.