Neumeier Poma Investment Counsel LLC Cuts Position in Crane NXT, Co. $CXT

Neumeier Poma Investment Counsel LLC decreased its holdings in Crane NXT, Co. (NYSE:CXT) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 371,015 shares of the company’s stock after selling 15,521 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Crane NXT were worth $17,464,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in shares of Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Crane NXT during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Crane NXT during the 3rd quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after buying an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Up 3.1%

CXT opened at $37.27 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.14 billion, a P/E ratio of 16.64 and a beta of 1.15. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The business’s fifty day simple moving average is $42.02 and its 200 day simple moving average is $47.51.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. Crane NXT’s dividend payout ratio (DPR) is presently 32.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, February 17th. Oppenheimer cut their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Robert W. Baird set a $67.00 price target on Crane NXT in a research note on Friday, May 8th. Finally, Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, May 15th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.40.

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.