Neumeier Poma Investment Counsel LLC Acquires New Stake in Crane NXT, Co. $CXT

Neumeier Poma Investment Counsel LLC bought a new stake in Crane NXT, Co. (NYSE:CXT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 375,545 shares of the company’s stock, valued at approximately $19,212,882. Neumeier Poma Investment Counsel LLC owned about 0.65% of Crane NXT as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CXT. CIBC Private Wealth Group LLC increased its holdings in shares of Crane NXT by 6.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock valued at $233,000 after acquiring an additional 206 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Crane NXT by 0.6% during the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock valued at $2,423,000 after acquiring an additional 271 shares during the last quarter. Madison Asset Management LLC increased its position in shares of Crane NXT by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock valued at $2,132,000 after acquiring an additional 290 shares during the last quarter. Creative Planning increased its holdings in shares of Crane NXT by 2.9% in the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock valued at $904,000 after acquiring an additional 384 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of Crane NXT by 7.7% in the 4th quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock worth $254,000 after acquiring an additional 386 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 0.4%

NYSE:CXT traded up $0.22 during trading hours on Friday, reaching $49.93. 203,919 shares of the stock were exchanged, compared to its average volume of 784,451. The business has a 50-day moving average of $50.86 and a two-hundred day moving average of $46.40. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.63 and a beta of 1.09.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be paid a $0.18 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.4%. Crane NXT’s payout ratio is 29.75%.

Wall Street Analyst Weigh In

CXT has been the subject of a number of research analyst reports. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research note on Friday, August 7th. Northland Securities set a $65.00 target price on shares of Crane NXT in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.20.

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.