Crane NXT, Co. $CXT Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management reduced its Crane NXT stake by 31% in the third quarter, selling 19,781 shares and retaining 43,962 shares valued at approximately $2.1 million. Institutional investors and hedge funds collectively own 77.49% of the company.
• Crane NXT reported quarterly results above expectations, with earnings of $1.10 per share and revenue of $493.2 million, up 22.1% year over year. The company set fiscal 2026 EPS guidance at $4.22–$4.42.
• Shares opened at $56.97, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $66.83. Crane NXT also pays a quarterly dividend of $0.18, representing a 1.3% annualized yield.

Sterling Capital Management LLC trimmed its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 31.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,962 shares of the company's stock after selling 19,781 shares during the period. Sterling Capital Management LLC owned approximately 0.08% of Crane NXT worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CXT. Walleye Capital LLC bought a new stake in shares of Crane NXT during the second quarter valued at approximately $1,066,000. BlackRock Inc. bought a new position in shares of Crane NXT in the 2nd quarter worth $329,797,000. Sei Investments Co. lifted its holdings in shares of Crane NXT by 35.8% in the 1st quarter. Sei Investments Co. now owns 176,299 shares of the company's stock worth $7,156,000 after purchasing an additional 46,465 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Crane NXT by 38.7% in the 1st quarter. Bank of America Corp DE now owns 449,024 shares of the company's stock worth $18,226,000 after purchasing an additional 125,207 shares in the last quarter. Finally, Congress Asset Management Co. grew its position in Crane NXT by 1.7% in the 3rd quarter. Congress Asset Management Co. now owns 1,185,663 shares of the company's stock valued at $55,845,000 after purchasing an additional 19,402 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Stock Up 0.2%

Shares of NYSE:CXT opened at $56.97 on Monday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 23.54 and a beta of 1.08. 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, Co. has a 12-month low of $35.71 and a 12-month high of $67.25. The business's 50 day moving average is $50.11 and its 200 day moving average is $47.49.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%. The business had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. During the same period in the prior year, the firm posted $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. On average, sell-side analysts forecast that Crane NXT, Co. will post 4.31 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were paid a $0.18 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Crane NXT's dividend payout ratio is presently 29.75%.

Wall Street Analyst Weigh In

CXT has been the topic of several research reports. DA Davidson restated a "buy" rating and set a $85.00 price objective on shares of Crane NXT in a report on Friday, September 18th. Northland Securities set a $65.00 price objective on shares of Crane NXT in a report on Monday, August 10th. Wall Street Zen raised shares of Crane NXT from a "hold" rating to a "buy" rating in a research report on Saturday, October 3rd. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research report on Friday, August 7th. 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 analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.83.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.

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