Conestoga Capital Advisors LLC Sells 615,524 Shares of Crane NXT, Co. $CXT

Conestoga Capital Advisors LLC trimmed its position in shares of Crane NXT, Co. (NYSE:CXT) by 62.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 363,898 shares of the company’s stock after selling 615,524 shares during the period. Conestoga Capital Advisors LLC owned 0.63% of Crane NXT worth $14,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Palouse Capital Management Inc. acquired a new position in shares of Crane NXT during the 1st quarter worth about $125,000. Pictet Asset Management Holding SA lifted its stake in Crane NXT by 14.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 8,144 shares of the company’s stock valued at $331,000 after purchasing an additional 1,048 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Crane NXT in the 1st quarter valued at about $580,000. Kirr Marbach & Co. LLC IN grew its holdings in Crane NXT by 15.7% during the first quarter. Kirr Marbach & Co. LLC IN now owns 112,153 shares of the company’s stock worth $4,552,000 after purchasing an additional 15,229 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Crane NXT by 5.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 28,273 shares of the company’s stock worth $1,331,000 after purchasing an additional 1,533 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

Shares of CXT stock opened at $51.89 on Thursday. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 23.17 and a beta of 1.10. The company has a 50-day simple moving average of $42.60 and a 200 day simple moving average of $45.93. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share 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 business’s revenue 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. On average, sell-side analysts predict that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s dividend payout ratio is currently 32.14%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird set a $67.00 price objective on Crane NXT in a research note on Friday, May 8th. 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. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Oppenheimer decreased their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Finally, Zacks Research upgraded 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 given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Crane NXT currently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

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.