First Trust Advisors LP Has $9.08 Million Stock Position in Crane NXT, Co. $CXT

First Trust Advisors LP increased its holdings in Crane NXT, Co. (NYSE:CXT) by 101.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,697 shares of the company’s stock after acquiring an additional 112,596 shares during the period. First Trust Advisors LP’s holdings in Crane NXT were worth $9,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Camelot Portfolios LLC purchased a new stake in shares of Crane NXT in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $26,000 after buying an additional 535 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Crane NXT in the 3rd quarter worth approximately $31,000. 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. Finally, Jones Financial Companies Lllp boosted its stake in shares of Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CXT has been the topic of a number of research reports. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Oppenheimer reduced their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Friday, May 15th. Finally, Robert W. Baird set a $67.00 price objective 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 given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

Crane NXT Stock Performance

Shares of NYSE CXT opened at $51.98 on Friday. The business’s 50-day simple moving average is $46.53 and its 200-day simple moving average is $46.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 23.21 and a beta of 1.10.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities research analysts expect that Crane NXT, Co. will post 4.23 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

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

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.