Crane NXT, Co. $CXT Shares Sold by Hsbc Holdings PLC

Key Points

• HSBC Holdings cut its Crane NXT stake by 73.2% in the second quarter, selling 87,259 shares and retaining 31,897 shares valued at approximately $1.6 million. Institutional investors and hedge funds collectively own 77.49% of the company.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in earnings per share versus the $1.04 consensus and $493.2 million in revenue, up 22.1% year over year. Management issued fiscal 2026 EPS guidance of $4.22–$4.42.
• The company pays a quarterly dividend of $0.18 per share, equivalent to a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.20, compared with the stock’s reported price of $51.92.

Hsbc Holdings PLC lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 73.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,897 shares of the company's stock after selling 87,259 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Crane NXT worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in Crane NXT by 4,458.3% during the 4th 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 during the period. Transamerica Financial Advisors LLC purchased a new position in Crane NXT during the second quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 612 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Crane NXT in the second quarter valued at approximately $37,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

Crane NXT stock opened at $51.92 on Friday. The company's fifty day moving average price is $51.12 and its 200 day moving average price is $46.22. Crane NXT, Co. has a 1 year low of $35.71 and a 1 year high of $69.00. The stock has a market capitalization of $2.99 billion, a P/E ratio of 21.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $493.20 million during the quarter, compared to analysts' expectations of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The firm's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.27 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were given 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 was Monday, August 31st. Crane NXT's dividend payout ratio is 29.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. DA Davidson reaffirmed a "buy" rating and set a $85.00 price objective on shares of Crane NXT in a research note on Wednesday. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research note on Friday, August 7th. Weiss Ratings raised shares of Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Finally, Northland Securities set a $65.00 price target on shares of Crane NXT in a research report on Monday, August 10th. 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, Crane NXT presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.20.

About Crane NXT

Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.

Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.

Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.

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