Crane NXT, Co. (CXT) to Issue Quarterly Dividend of $0.18 on June 10th

Crane NXT, Co. (NYSE:CXT) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Sunday, May 31st will be paid a dividend of 0.18 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 29th.

Crane NXT has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Crane NXT has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Crane NXT to earn $4.74 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.2%.

Crane NXT Trading Down 3.5%

Shares of NYSE:CXT opened at $44.03 on Friday. Crane NXT has a 52-week low of $39.23 and a 52-week high of $69.00. The company has a market capitalization of $2.53 billion, a P/E ratio of 19.66 and a beta of 1.21. The company has a 50-day simple moving average of $44.15 and a 200 day simple moving average of $50.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 1.50.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.69%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Sell-side analysts forecast that Crane NXT will post 4.29 earnings per share for the current year.

Hedge Funds Weigh In On Crane NXT

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in 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 during the period. Dimensional Fund Advisors LP lifted its holdings 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 period. Alliancebernstein L.P. lifted its holdings in Crane NXT by 2,449.9% in the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after buying an additional 1,701,361 shares during the period. Capital International Investors lifted its holdings in Crane NXT by 0.3% in the third quarter. Capital International Investors now owns 1,722,708 shares of the company’s stock valued at $115,542,000 after buying an additional 5,984 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Crane NXT by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after buying an additional 25,849 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.