SG Americas Securities LLC Reduces Stake in Crane NXT, Co. $CXT

SG Americas Securities LLC lowered its position in Crane NXT, Co. (NYSE:CXT) by 46.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,622 shares of the company’s stock after selling 28,368 shares during the period. SG Americas Securities LLC’s holdings in Crane NXT were worth $1,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Crane NXT by 5.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,273 shares of the company’s stock worth $1,331,000 after buying an additional 1,533 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Crane NXT by 102.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,632 shares of the company’s stock valued at $971,000 after acquiring an additional 10,435 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after acquiring an additional 535 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Crane NXT in the 4th quarter valued at $169,000. Finally, Invesco Ltd. increased its stake in shares of Crane NXT by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,381,816 shares of the company’s stock worth $65,042,000 after acquiring an additional 15,516 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CXT shares. 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 report on Friday, May 15th. Oppenheimer lowered their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a report on Friday, May 8th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings lowered 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

Crane NXT Trading Up 0.3%

Shares of NYSE:CXT opened at $52.67 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 12-month low of $35.71 and a 12-month high of $69.00. The business has a 50 day moving average of $42.89 and a two-hundred day moving average of $45.99. The company has a market capitalization of $3.03 billion, a PE ratio of 23.51 and a beta of 1.10.

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

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Crane NXT’s dividend payout ratio is 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.