Fifth Third Bancorp Grows Stock Holdings in Crane NXT, Co. $CXT

Fifth Third Bancorp boosted its stake in Crane NXT, Co. (NYSE:CXT) by 6,551.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 47,892 shares of the company’s stock after purchasing an additional 47,172 shares during the period. Fifth Third Bancorp’s holdings in Crane NXT were worth $1,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC purchased a new position in shares of Crane NXT in the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Crane NXT by 4,458.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after purchasing an additional 535 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Crane NXT during the third quarter worth $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 612 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Friday, May 15th. Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $67.00 price objective on Crane NXT in a report on Friday, May 8th. Finally, Oppenheimer cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Crane NXT has an average rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Stock Performance

NYSE:CXT opened at $51.79 on Thursday. The firm’s fifty day simple moving average is $44.63 and its 200-day simple moving average is $46.26. 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 stock has a market cap of $2.98 billion, a PE ratio of 23.12 and a beta of 1.10. Crane NXT, Co. has a fifty-two week low of $35.71 and a fifty-two week high of $69.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data 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 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 for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Analysts expect that Crane NXT, Co. will post 4.23 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is presently 32.14%.

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.