Walleye Capital LLC Makes New Investment in Crane NXT, Co. $CXT

Key Points

• Walleye Capital purchased 20,830 shares of Crane NXT worth approximately $1.07 million during the second quarter. Institutional investors collectively own 77.49% of the company.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in earnings per share versus the $1.04 consensus estimate and revenue of $493.2 million, up 22.1% year over year.
• The company declared a quarterly dividend of $0.18, 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, compared with shares trading near $51.76.

Walleye Capital LLC purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,830 shares of the company's stock, valued at approximately $1,066,000.

A number of other large investors have also recently modified their holdings of CXT. UBS Group AG lifted its holdings in shares of Crane NXT by 3.0% in the 4th quarter. UBS Group AG now owns 787,803 shares of the company's stock worth $37,082,000 after buying an additional 23,255 shares during the period. M&T Bank Corp increased its stake in shares of Crane NXT by 409.4% during the fourth quarter. M&T Bank Corp now owns 58,514 shares of the company's stock valued at $2,754,000 after buying an additional 47,028 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Crane NXT by 14.8% in the fourth quarter. Peregrine Capital Management LLC now owns 108,730 shares of the company's stock valued at $5,118,000 after acquiring an additional 14,007 shares in the last quarter. KLCM Advisors Inc. bought a new stake in shares of Crane NXT in the first quarter valued at about $10,874,000. Finally, Gabelli Funds LLC raised its holdings in shares of Crane NXT by 7.7% in the first quarter. Gabelli Funds LLC now owns 275,028 shares of the company's stock valued at $11,163,000 after acquiring an additional 19,658 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Trading Up 0.6%

Shares of NYSE CXT opened at $51.76 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The stock has a market capitalization of $2.98 billion, a P/E ratio of 21.39 and a beta of 1.09. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The business has a fifty day moving average price of $49.40 and a 200 day moving average price of $46.55.

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 analysts' consensus estimates of $1.04 by $0.06. The company had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities research analysts expect that Crane NXT, Co. will post 4.27 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 31st. Crane NXT's dividend payout ratio (DPR) is currently 29.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CXT shares. Zacks Research raised shares of 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 shares of Crane NXT in a report on Friday, August 7th. Northland Securities set a $65.00 price target on shares of Crane NXT in a report on Monday. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Crane NXT in a research report on Friday, July 31st. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $68.20.

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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