154,301 Shares in Crane NXT, Co. $CXT Bought by Invenomic Capital Management LP

Invenomic Capital Management LP acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 154,301 shares of the company’s stock, valued at approximately $7,263,000.

Several other large investors have also modified their holdings of CXT. Alliancebernstein L.P. boosted its holdings in shares of Crane NXT by 2,449.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after buying an additional 1,701,361 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Crane NXT by 632.9% during the 4th quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after buying an additional 1,357,312 shares during the period. Norges Bank bought a new stake in shares of Crane NXT during the 4th quarter worth $30,057,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth $35,309,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Crane NXT by 409.6% during the 4th quarter. New York State Common Retirement Fund now owns 392,187 shares of the company’s stock worth $18,460,000 after buying an additional 315,228 shares during the period. 77.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Crane NXT Price Performance

NYSE:CXT opened at $45.50 on Thursday. The stock has a market cap of $2.62 billion, a P/E ratio of 20.31 and a beta of 1.15. Crane NXT, Co. has a one year low of $35.71 and a one year high of $69.00. The company has a fifty day moving average price of $41.90 and a 200 day moving average price of $46.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million during 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 19.59%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Analysts anticipate that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is presently 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.