Hsbc Holdings PLC Invests $4.76 Million in Crane NXT, Co. $CXT

Hsbc Holdings PLC acquired a new stake in Crane NXT, Co. (NYSE:CXT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 119,156 shares of the company’s stock, valued at approximately $4,758,000.

Other large investors also recently modified their holdings of the company. Camelot Portfolios LLC bought a new position in Crane NXT in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in 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 last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Crane NXT during the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 612 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 391 shares during the period. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Up 1.5%

Shares of CXT opened at $52.84 on Friday. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 23.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The stock has a fifty day moving average of $45.17 and a 200-day moving average of $46.34.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data 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. The business had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, sell-side analysts anticipate that Crane NXT, Co. will post 4.23 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were paid a $0.18 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is currently 32.14%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CXT. Oppenheimer lowered their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Friday, May 15th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and an average price target of $65.40.

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.