Intech Investment Management LLC Has $630,000 Holdings in Crane NXT, Co. $CXT

Intech Investment Management LLC cut its stake in Crane NXT, Co. (NYSE:CXT) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,391 shares of the company’s stock after selling 23,963 shares during the period. Intech Investment Management LLC’s holdings in Crane NXT were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CXT. Alliancebernstein L.P. raised its stake in shares of Crane NXT by 2,449.9% in the second 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Crane NXT in the third quarter worth about $35,309,000. Victory Capital Management Inc. raised its stake in shares of Crane NXT by 19.0% in the third quarter. Victory Capital Management Inc. now owns 1,635,770 shares of the company’s stock worth $109,711,000 after acquiring an additional 260,986 shares during the last quarter. Channing Capital Management LLC bought a new position in shares of Crane NXT in the third quarter worth about $14,384,000. Finally, Thornburg Investment Management Inc. bought a new position in shares of Crane NXT in the third quarter worth about $9,923,000. 77.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CXT. Oppenheimer dropped their target price on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note on Friday, May 15th. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research note on Friday, May 8th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Stock Up 4.3%

Shares of NYSE:CXT opened at $38.23 on Wednesday. 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 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The company has a market capitalization of $2.20 billion, a PE ratio of 17.06 and a beta of 1.15. The company has a 50 day moving average price of $41.73 and a two-hundred day moving average price of $47.11.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Analysts forecast that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Dividend Announcement

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

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.