Expect Equity LLC Takes Position in Crane NXT, Co. $CXT

Key Points

• Expect Equity LLC acquired 47,360 shares of Crane NXT worth approximately $2.42 million, representing about 0.08% of the company and 1.6% of the investor’s portfolio.
• Crane NXT reported quarterly EPS of $1.10, exceeding estimates of $1.04, while revenue rose 22.1% year over year to $493.2 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.20.
• The company declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a 1.4% yield; institutional investors collectively own 77.49% of the stock.

Expect Equity LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,360 shares of the company's stock, valued at approximately $2,423,000. Crane NXT accounts for about 1.6% of Expect Equity LLC's portfolio, making the stock its 28th largest position. Expect Equity LLC owned approximately 0.08% of Crane NXT as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Crane NXT during the 3rd quarter valued at $31,000. Camelot Portfolios LLC purchased a new stake in shares of Crane NXT in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $26,000 after buying an additional 535 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock valued at $34,000 after buying an additional 612 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $37,000 after buying an additional 391 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Crane NXT Stock Up 0.9%

Shares of NYSE:CXT opened at $50.24 on Wednesday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 20.76 and a beta of 1.09. The stock's 50-day moving average price is $50.70 and its 200-day moving average price is $46.46. 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 released its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. The company 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%.Crane NXT's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities analysts anticipate that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Announces Dividend

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

Crane NXT 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.

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