Entropy Technologies LP Invests $763,000 in Crane NXT, Co. $CXT

Entropy Technologies LP purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the first quarter, Holdings Channel reports. The fund purchased 18,797 shares of the company’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Camelot Portfolios LLC bought a new stake in Crane NXT in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $26,000 after buying an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Crane NXT during the third quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its holdings in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

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

Crane NXT Stock Up 0.7%

Crane NXT stock opened at $54.59 on Wednesday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 24.37 and a beta of 1.10. 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, Co. has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The firm has a fifty day moving average price of $45.82 and a two-hundred day moving average price of $46.39.

Crane NXT (NYSE:CXT) last released its quarterly earnings results 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 company 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 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, analysts forecast that Crane NXT, Co. will post 4.23 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s payout ratio is currently 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.