Crane NXT, Co. $CXT Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 102.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,632 shares of the company’s stock after purchasing an additional 10,435 shares during the quarter. Corient Private Wealth LLC’s holdings in Crane NXT were worth $971,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Camelot Portfolios LLC bought a new position in Crane NXT during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after purchasing an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Crane NXT in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Oppenheimer dropped their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research note on Friday, May 8th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Friday, May 15th. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. One research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Stock Performance

CXT stock opened at $52.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 23.51 and a beta of 1.10. Crane NXT, Co. has a 1 year low of $35.71 and a 1 year high of $69.00. The stock’s fifty day moving average is $42.73 and its two-hundred day moving average is $45.94.

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

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were paid a $0.18 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is presently 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.