Sei Investments Co. Raises Stock Holdings in Crane NXT, Co. $CXT

Sei Investments Co. boosted its position in shares of Crane NXT, Co. (NYSE:CXT) by 35.8% in the first quarter, HoldingsChannel.com reports. The fund owned 176,299 shares of the company’s stock after acquiring an additional 46,465 shares during the quarter. Sei Investments Co.’s holdings in Crane NXT were worth $7,156,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CXT. Lido Advisors LLC purchased a new stake in Crane NXT during the 1st quarter valued at about $208,000. State of Wyoming raised its stake in shares of Crane NXT by 21.4% in the first quarter. State of Wyoming now owns 4,477 shares of the company’s stock worth $182,000 after purchasing an additional 790 shares during the last quarter. Southernsun Asset Management LLC lifted its holdings in shares of Crane NXT by 17.3% during the first quarter. Southernsun Asset Management LLC now owns 783,808 shares of the company’s stock worth $31,815,000 after purchasing an additional 115,598 shares during the period. First Trust Advisors LP lifted its holdings in shares of Crane NXT by 101.3% during the first quarter. First Trust Advisors LP now owns 223,697 shares of the company’s stock worth $9,080,000 after purchasing an additional 112,596 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Crane NXT by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock valued at $78,366,000 after buying an additional 214,857 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Performance

Shares of CXT stock opened at $51.98 on Monday. Crane NXT, Co. has a 52-week low of $35.71 and a 52-week high of $69.00. 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 $2.99 billion, a PE ratio of 23.21 and a beta of 1.10. The business has a 50-day simple moving average of $46.53 and a 200-day simple moving average of $46.44.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.Crane NXT’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities analysts expect that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is currently 32.14%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CXT shares. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a report on Friday, May 8th. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, May 15th. Oppenheimer dropped their price objective 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. Finally, Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

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.