Capital International Investors Has $37.65 Million Stake in Crane NXT, Co. $CXT

Capital International Investors lowered its position in shares of Crane NXT, Co. (NYSE:CXT) by 53.6% in the fourth quarter, HoldingsChannel reports. The firm owned 799,793 shares of the company’s stock after selling 922,915 shares during the period. Capital International Investors’ holdings in Crane NXT were worth $37,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Channing Capital Management LLC acquired a new stake in shares of Crane NXT in the third quarter valued at $14,384,000. Congress Asset Management Co. increased its stake in shares of Crane NXT by 4.3% in the fourth quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock valued at $57,276,000 after buying an additional 49,669 shares in the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Crane NXT in the third quarter valued at $9,923,000. Segall Bryant & Hamill LLC increased its stake in shares of Crane NXT by 12.9% in the third quarter. Segall Bryant & Hamill LLC now owns 306,813 shares of the company’s stock valued at $20,578,000 after buying an additional 35,137 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Crane NXT by 1.1% in the third quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock valued at $402,805,000 after buying an additional 64,523 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

CXT has been the subject of a number of research reports. Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, May 15th. DA Davidson reiterated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a report on Tuesday, February 17th. Finally, Oppenheimer decreased their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.40.

Crane NXT Trading Up 4.3%

NYSE:CXT opened at $38.23 on Wednesday. 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 debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The stock has a market capitalization of $2.20 billion, a PE ratio of 17.06 and a beta of 1.15. The business’s 50-day simple moving average is $41.73 and its 200-day simple moving average is $47.11.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same quarter last year, the firm earned $0.54 EPS. Crane NXT’s revenue for the quarter was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Sell-side analysts expect that Crane NXT, Co. will post 4.22 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. Crane NXT’s payout ratio is 32.14%.

About Crane NXT

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.