Crane NXT, Co. $CXT Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its stake in Crane NXT, Co. (NYSE:CXT) by 109.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,584 shares of the company’s stock after acquiring an additional 56,827 shares during the period. Susquehanna International Group LLP owned 0.19% of Crane NXT worth $5,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares during the period. Transamerica Financial Advisors LLC purchased a new stake in Crane NXT during the second quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT during the third quarter worth about $31,000. EverSource Wealth Advisors LLC grew 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 worth $34,000 after buying an additional 612 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Crane NXT in the second quarter valued at about $37,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Performance

NYSE CXT opened at $50.28 on Monday. The business’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $46.37. The firm has a market capitalization of $2.89 billion, a P/E ratio of 20.78 and a beta of 1.09. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. 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 (NYSE:CXT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $475.62 million. During the same quarter last year, the firm posted $0.97 earnings per share. Crane NXT’s revenue for the quarter 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. Equities analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is 29.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CXT shares. Robert W. Baird set a $68.00 price target on Crane NXT in a report on Friday, August 7th. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Northland Securities set a $65.00 price target on Crane NXT in a report on Monday, August 10th. Finally, Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.20.

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.