Deutsche Bank AG Takes Position in Crane NXT, Co. $CXT

Key Points

• Deutsche Bank initiated a position in Crane NXT by purchasing 278,748 shares valued at approximately $14.3 million, while institutional investors collectively own 77.49% of the company.
• Analysts maintain a “Moderate Buy” consensus on CXT, with an average price target of $68.20 versus the stock’s recent price of $50.34.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in EPS and $493.2 million in revenue, up 22.1% year over year. The company also declared a quarterly dividend of $0.18 per share, representing a 1.4% annual yield.

Deutsche Bank AG purchased a new position in Crane NXT, Co. (NYSE:CXT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 278,748 shares of the company's stock, valued at approximately $14,261,000. Deutsche Bank AG owned 0.48% of Crane NXT as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CXT. Camelot Portfolios LLC bought a new position in Crane NXT in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Crane NXT by 4,458.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company's stock worth $26,000 after buying an additional 535 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Crane NXT during the third quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after acquiring an additional 391 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CXT. Weiss Ratings raised Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Robert W. Baird set a $68.00 price objective on Crane NXT in a research note on Friday, August 7th. Zacks Research raised Crane NXT from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 target price on Crane NXT in a research note on Monday, August 10th. One 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.20.

Crane NXT Stock Performance

Shares of CXT stock opened at $50.34 on Friday. The business's fifty day simple moving average is $50.41 and its 200-day simple moving average is $46.52. The company has a market cap of $2.90 billion, a PE ratio of 20.80 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.07 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 $69.00.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Analysts expect that Crane NXT, Co. will post 4.27 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a $0.18 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Crane NXT's dividend payout ratio (DPR) 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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