Hsbc Holdings PLC Purchases New Holdings in Crane NXT, Co. $CXT

Key Points

• HSBC Holdings acquired 31,897 shares of Crane NXT in the second quarter, worth approximately $1.6 million, while institutional investors collectively own 77.49% of the company.
• Crane NXT exceeded quarterly expectations, reporting $1.10 earnings per share and $493.2 million in revenue—up 22.1% year over year. The company issued fiscal 2026 EPS guidance of $4.22–$4.42.
• The company declared a quarterly dividend of $0.18 per share, equivalent to an annualized $0.72 payout and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.20.

Hsbc Holdings PLC acquired a new position in Crane NXT, Co. (NYSE:CXT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,897 shares of the company's stock, valued at approximately $1,596,000. Hsbc Holdings PLC owned 0.06% of Crane NXT as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CXT. BlackRock Inc. purchased a new position in shares of Crane NXT during the second quarter valued at $329,797,000. 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 worth $95,446,000 after acquiring an additional 1,701,361 shares during the period. Channing Capital Management LLC boosted its position in Crane NXT by 632.9% during the 4th quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company's stock worth $73,983,000 after acquiring an additional 1,357,312 shares during the period. Norges Bank acquired a new position in shares of Crane NXT in the 4th quarter valued at about $30,057,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Crane NXT in the second quarter worth approximately $23,160,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Trading Up 0.3%

Shares of NYSE CXT opened at $50.28 on Monday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 20.78 and a beta of 1.09. The business has a 50 day simple moving average of $50.92 and a 200 day simple moving average of $46.37. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. 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 issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $475.62 million. During the same quarter last year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, research analysts predict 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 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%.

Analyst Upgrades and Downgrades

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

Crane NXT Company 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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