Intech Investment Management LLC Has $630,000 Stake in Crane NXT, Co. $CXT

Intech Investment Management LLC reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 64.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,391 shares of the company’s stock after selling 23,963 shares during the period. Intech Investment Management LLC’s holdings in Crane NXT were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CXT. Smartleaf Asset Management LLC boosted its position in shares of Crane NXT by 141.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Crane NXT during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Crane NXT during the 3rd quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Crane NXT during the 3rd quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after acquiring an additional 612 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXT has been the topic of several recent research reports. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, May 15th. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. DA Davidson reiterated a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, February 17th. Finally, Oppenheimer decreased their target price on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.40.

Crane NXT Price Performance

NYSE:CXT opened at $38.23 on Wednesday. The firm has a market cap of $2.20 billion, a PE ratio of 17.06 and a beta of 1.15. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $41.73 and its two-hundred day moving average price is $47.11.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $387.70 million for 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 company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities analysts anticipate that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company 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 $0.18 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.9%. Crane NXT’s payout ratio is 32.14%.

Crane NXT Company 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.