Northwestern Mutual Wealth Management Co. Grows Position in Crane NXT, Co. $CXT

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 21,056.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,938 shares of the company’s stock after purchasing an additional 137,286 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Crane NXT were worth $6,493,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CXT. Smartleaf Asset Management LLC grew its position in Crane NXT by 141.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in Crane NXT during the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Crane NXT during the 3rd quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Crane NXT during the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research report on Friday, May 8th. Oppenheimer dropped 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. UBS Group set a $58.00 target price on shares of Crane NXT in a research report on Friday, February 13th. DA Davidson reissued a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, February 17th. Finally, Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Crane NXT presently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Stock Up 2.6%

CXT stock opened at $41.11 on Friday. The firm’s fifty day simple moving average is $42.66 and its 200-day simple moving average is $49.09. The company has a market capitalization of $2.37 billion, a P/E ratio of 18.35 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. Crane NXT, Co. has a 12 month low of $37.00 and a 12 month high of $69.00.

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

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s dividend payout ratio is 32.14%.

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.