Crane NXT, Co. $CXT Position Trimmed by Capital International Investors

Capital International Investors decreased its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799,793 shares of the company’s stock after selling 922,915 shares during the period. Capital International Investors owned about 1.39% of Crane NXT worth $37,646,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CXT. Alliancebernstein L.P. boosted its holdings in shares of Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after acquiring an additional 1,701,361 shares during the period. Norges Bank acquired a new position in shares of Crane NXT during the fourth quarter valued at $30,057,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Crane NXT during the third quarter valued at $35,309,000. Victory Capital Management Inc. boosted its holdings in shares of Crane NXT by 19.0% during the third quarter. Victory Capital Management Inc. now owns 1,635,770 shares of the company’s stock valued at $109,711,000 after acquiring an additional 260,986 shares during the period. Finally, Channing Capital Management LLC acquired a new position in shares of Crane NXT during the third quarter valued at $14,384,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

NYSE CXT opened at $38.23 on Wednesday. The stock’s 50-day moving average price is $41.73 and its two-hundred day moving average price is $47.11. 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 company has a market cap of $2.20 billion, a PE ratio of 17.06 and a beta of 1.15. Crane NXT, Co. has a 1 year low of $35.71 and a 1 year high of $69.00.

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

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be issued a $0.18 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.9%. Crane NXT’s dividend payout ratio is currently 32.14%.

Analyst Ratings Changes

Several research firms recently weighed in on CXT. Oppenheimer reduced their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. UBS Group set a $58.00 price objective on shares of Crane NXT in a report on Friday, February 13th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a report on Friday, May 15th. Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

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.