Congress Asset Management Co. Raises Stake in Crane NXT, Co. $CXT

Congress Asset Management Co. lifted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 1.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,185,663 shares of the company’s stock after buying an additional 19,402 shares during the quarter. Congress Asset Management Co. owned about 2.06% of Crane NXT worth $55,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors LLC acquired a new position in Crane NXT in the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 535 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Crane NXT during the second quarter worth approximately $37,000. State of Wyoming grew its position 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 valued at $182,000 after purchasing an additional 790 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of Crane NXT by 12.6% in the first quarter. Personal CFO Solutions LLC now owns 8,654 shares of the company’s stock valued at $351,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

CXT has been the subject of several research reports. Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Crane NXT from a “hold” rating to a “buy” rating in a research report on Saturday. Northland Securities set a $65.00 target price on Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research report on Friday, August 7th. Finally, Jefferies Financial Group began coverage on shares of Crane NXT in a research report on Tuesday, September 22nd. They set a “buy” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.83.

Crane NXT Price Performance

Shares of CXT stock traded up $0.64 during trading hours on Tuesday, reaching $49.80. The company’s stock had a trading volume of 416,929 shares, compared to its average volume of 753,945. The firm’s 50 day simple moving average is $49.92 and its 200-day simple moving average is $46.31. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.58 and a beta of 1.08. Crane NXT, Co. has a fifty-two week low of $35.71 and a fifty-two week 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.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate 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%.Crane NXT’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Sell-side analysts forecast that Crane NXT, Co. will post 4.31 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is presently 29.75%.

Crane NXT Company Profile

Crane NXT, Co (NYSE:CXT) is a technology company that provides solutions for payment processing, currency authentication and brand protection. Its products are used to help businesses securely accept, validate and manage cash and electronic payments, while also protecting currency, products and other valuable assets from counterfeiting and fraud.

Through its Crane Payment Innovations business, the company develops payment and merchandising technologies for markets such as automated retail, gaming, transportation, financial services and other commercial applications.