Neumeier Poma Investment Counsel LLC Takes $19.21 Billion Position in Crane NXT, Co. $CXT

Neumeier Poma Investment Counsel LLC bought a new position in Crane NXT, Co. (NYSE:CXT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 375,545 shares of the company’s stock, valued at approximately $19,212,882,000. Neumeier Poma Investment Counsel LLC owned 0.65% of Crane NXT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Crane NXT by 23.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock worth $9,139,000 after acquiring an additional 33,336 shares during the period. Jane Street Group LLC boosted its position in shares of Crane NXT by 89.0% during the 1st quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock valued at $2,679,000 after acquiring an additional 24,540 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Crane NXT by 24.0% during the 2nd quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock valued at $297,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Crane NXT in the second quarter valued at about $511,000. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Crane NXT Trading Up 0.3%

CXT opened at $50.34 on Monday. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The stock has a market capitalization of $2.90 billion, a PE ratio of 20.80 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $50.41 and a two-hundred day moving average price of $46.49.

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

Crane NXT Announces Dividend

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

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.