Gabelli Funds LLC Raises Holdings in Crane NXT, Co. $CXT

Gabelli Funds LLC increased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,370 shares of the company’s stock after buying an additional 13,830 shares during the quarter. Gabelli Funds LLC’s holdings in Crane NXT were worth $12,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after buying an additional 228 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Crane NXT during the third quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Crane NXT during the third quarter worth about $33,000. Camelot Portfolios LLC purchased a new position in shares of Crane NXT during the fourth quarter worth about $25,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Crane NXT during the third quarter worth about $40,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

CXT stock opened at $38.00 on Wednesday. The firm has a 50 day moving average of $42.95 and a 200-day moving average of $49.49. Crane NXT, Co. has a 12-month low of $37.00 and a 12-month high of $69.00. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 16.96 and a beta of 1.21.

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

Crane NXT Announces Dividend

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 given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Crane NXT’s payout ratio is currently 32.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group set a $58.00 price target on Crane NXT in a report on Friday, February 13th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, May 15th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Oppenheimer lowered their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Crane NXT presently 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.