Corient Private Wealth LP Takes Position in Crane NXT, Co. $CXT

Corient Private Wealth LP acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 22,174 shares of the company's stock, valued at approximately $1,134,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Crane NXT in the 2nd quarter worth approximately $329,797,000. Dimensional Fund Advisors LP raised its position in Crane NXT by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company's stock valued at $78,366,000 after purchasing an additional 214,857 shares in the last quarter. Alliancebernstein L.P. boosted its position in Crane NXT by 2,449.9% during the 2nd 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 in the last quarter. Victory Capital Management Inc. increased its position in shares of Crane NXT by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company's stock worth $78,212,000 after purchasing an additional 25,849 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in shares of Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company's stock worth $73,983,000 after buying an additional 1,357,312 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CXT shares. Weiss Ratings upgraded shares of Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a report on Friday, August 7th. Zacks Research upgraded Crane NXT from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 price objective on Crane NXT in a research report on Monday, August 10th. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.20.

Crane NXT Price Performance

CXT stock opened at $50.13 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.89 billion, a P/E ratio of 20.71 and a beta of 1.08. The business has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $46.29. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00.

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

Crane NXT Dividend Announcement

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

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.

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