Crane NXT, Co. $CXT Position Raised by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN grew its holdings in Crane NXT, Co. (NYSE:CXT) by 15.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,153 shares of the company’s stock after purchasing an additional 15,229 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Crane NXT were worth $4,552,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Camelot Portfolios LLC purchased a new position in Crane NXT during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Crane NXT in the 3rd quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Crane NXT in the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 612 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Down 0.8%

Crane NXT stock opened at $45.27 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The firm’s fifty day simple moving average is $42.16 and its 200-day simple moving average is $46.27. The company has a market capitalization of $2.60 billion, a P/E ratio of 20.21 and a beta of 1.15.

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, topping analysts’ consensus estimates 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%. Crane NXT’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Sell-side analysts forecast that Crane NXT, Co. will post 4.22 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is 32.14%.

Analyst Ratings Changes

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

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.