Sterling Capital Management LLC Sells 19,781 Shares of Crane NXT, Co. $CXT

Sterling Capital Management LLC lowered its position in shares of Crane NXT, Co. (NYSE:CXT) by 31.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,962 shares of the company’s stock after selling 19,781 shares during the quarter. Sterling Capital Management LLC’s holdings in Crane NXT were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CXT. Kirr Marbach & Co. LLC IN grew its holdings in shares of Crane NXT by 4.0% in the third quarter. Kirr Marbach & Co. LLC IN now owns 120,500 shares of the company’s stock valued at $5,676,000 after acquiring an additional 4,688 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Crane NXT by 1.7% during the third quarter. Congress Asset Management Co. now owns 1,185,663 shares of the company’s stock worth $55,845,000 after acquiring an additional 19,402 shares during the period. Tidal Investments LLC bought a new stake in Crane NXT during the second quarter worth $247,000. Integrated Wealth Concepts LLC bought a new stake in Crane NXT during the second quarter worth $53,000. Finally, Nykredit A S purchased a new position in Crane NXT in the second quarter worth $150,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CXT shares. Wall Street Zen upgraded Crane NXT from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Northland Securities set a $65.00 target price on Crane NXT in a research note on Monday, August 10th. DA Davidson reissued a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a report on Friday, September 18th. Finally, Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Crane NXT currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.83.

Crane NXT Trading Up 0.2%

Shares of CXT stock opened at $56.97 on Monday. The company has a 50 day moving average of $50.11 and a 200-day moving average of $47.49. The company has a quick ratio of 1.07, a current ratio of 1.42 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 $67.25. The firm has a market cap of $3.28 billion, a P/E ratio of 23.54 and a beta of 1.08.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The company had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. During the same quarter in the previous year, the firm posted $0.97 EPS. Crane NXT’s revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Sell-side analysts anticipate that Crane NXT, Co. will post 4.31 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is currently 29.75%.

About Crane NXT

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.