BlackRock Inc. Makes New $329.80 Million Investment in Crane NXT, Co. $CXT

Key Points

• BlackRock acquired a new 11.2% stake in Crane NXT during the second quarter, purchasing 6.45 million shares valued at approximately $329.8 million. Institutional investors collectively own 77.49% of the company.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in EPS on $493.2 million in revenue, with revenue up 22.1% year over year. The company guided to fiscal 2026 EPS of $4.22–$4.42.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $68.20 versus a recent price of $50.58. Crane NXT also announced a quarterly dividend of $0.18 per share, yielding approximately 1.4%.

BlackRock Inc. bought a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,446,385 shares of the company's stock, valued at approximately $329,797,000. BlackRock Inc. owned approximately 11.20% of Crane NXT at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $37,000 after purchasing an additional 391 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Crane NXT by 23.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company's stock valued at $9,139,000 after buying an additional 33,336 shares during the period. Jane Street Group LLC raised its stake in Crane NXT by 89.0% during the 1st quarter. Jane Street Group LLC now owns 52,113 shares of the company's stock worth $2,679,000 after buying an additional 24,540 shares during the period. Prudential Financial Inc. raised its stake in Crane NXT by 24.0% during the 2nd quarter. Prudential Financial Inc. now owns 5,514 shares of the company's stock worth $297,000 after buying an additional 1,069 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Crane NXT in the second quarter worth approximately $511,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Price Performance

Crane NXT stock opened at $50.58 on Thursday. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The company's 50 day moving average price is $50.80 and its two-hundred day moving average price is $46.45. The stock has a market cap of $2.91 billion, a P/E ratio of 20.90 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.06. The company had revenue of $493.20 million for the quarter, compared to analysts' expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities analysts predict that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT's dividend payout ratio is 29.75%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Northland Securities set a $65.00 price objective on Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research note on Friday, August 7th. Zacks Research upgraded shares of Crane NXT from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and an average target price of $68.20.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

Want to see what other hedge funds are holding CXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane NXT, Co. (NYSE:CXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.