Expect Equity LLC Purchases Shares of 47,360 Crane NXT, Co. $CXT

Expect Equity LLC purchased a new position in Crane NXT, Co. (NYSE:CXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,360 shares of the company’s stock, valued at approximately $2,423,000. Crane NXT comprises about 1.6% of Expect Equity LLC’s portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently modified their holdings of CXT. BlackRock Inc. purchased a new stake in shares of Crane NXT during the second quarter worth about $329,797,000. Dimensional Fund Advisors LP increased its holdings in Crane NXT by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock valued at $78,366,000 after purchasing an additional 214,857 shares during the period. Alliancebernstein L.P. increased its holdings in Crane NXT by 2,449.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after purchasing an additional 1,701,361 shares during the period. Victory Capital Management Inc. raised its position in Crane NXT by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after purchasing an additional 25,849 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in Crane NXT by 632.9% during the 4th quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock valued at $73,983,000 after purchasing an additional 1,357,312 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE CXT opened at $50.24 on Wednesday. Crane NXT, Co. has a 1 year low of $35.71 and a 1 year high of $69.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The company’s 50-day moving average is $50.70 and its 200 day moving average is $46.46. The stock has a market capitalization of $2.89 billion, a P/E ratio of 20.76 and a beta of 1.09.

Crane NXT (NYSE:CXT) last released its quarterly 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 during the quarter, compared to the consensus estimate of $475.62 million. During the same period in the prior year, the firm earned $0.97 earnings per share. Crane NXT’s 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. On average, sell-side analysts expect that Crane NXT, Co. will post 4.27 earnings per share for the current year.

Crane NXT Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CXT shares. Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Robert W. Baird set a $68.00 target price on Crane NXT in a research note on Friday, August 7th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 price target on Crane NXT in a research note on Monday, August 10th. One equities research 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 stock. According to MarketBeat.com, Crane NXT currently has a consensus rating of “Moderate Buy” and an average price target 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.