Crane NXT, Co. $CXT Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,476 shares of the company’s stock after selling 1,430 shares during the quarter. Neumeier Poma Investment Counsel LLC owned 0.44% of Crane NXT worth $13,501,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CXT. Wellington Management Group LLP grew its position in shares of Crane NXT by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 3,668,953 shares of the company’s stock worth $188,584,000 after acquiring an additional 512,813 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Crane NXT by 40.4% in the 2nd quarter. Congress Asset Management Co. now owns 1,118,445 shares of the company’s stock worth $60,284,000 after acquiring an additional 322,033 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Crane NXT by 173.3% in the first quarter. Ameriprise Financial Inc. now owns 1,084,625 shares of the company’s stock valued at $55,750,000 after purchasing an additional 687,738 shares during the period. Invesco Ltd. raised its stake in Crane NXT by 4.0% during the 1st quarter. Invesco Ltd. now owns 1,064,749 shares of the company’s stock valued at $54,728,000 after acquiring an additional 40,602 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Crane NXT by 3.8% during the first quarter. Royce & Associates LP now owns 390,638 shares of the company’s stock valued at $20,079,000 after purchasing an additional 14,217 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CXT. DA Davidson reaffirmed a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th. Finally, Oppenheimer upped their price target on Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.25.

Crane NXT Stock Down 1.3%

CXT opened at $55.88 on Wednesday. The company has a market capitalization of $3.21 billion, a PE ratio of 21.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $69.00. The business has a 50-day moving average of $63.53 and a 200-day moving average of $59.11.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%.The business had revenue of $871.50 million during the quarter. Equities research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Crane NXT’s dividend payout ratio is 25.37%.

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.