Susquehanna International Group LLP Grows Holdings in Crane NXT, Co. $CXT

Susquehanna International Group LLP grew its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 109.8% in the 2nd quarter, Holdings Channel reports. The fund owned 108,584 shares of the company’s stock after acquiring an additional 56,827 shares during the period. Susquehanna International Group LLP’s holdings in Crane NXT were worth $5,555,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CXT. Caitong International Asset Management Co. Ltd raised its position in shares of 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 purchasing an additional 535 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new position in Crane NXT during the 2nd quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Crane NXT in the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 612 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Crane NXT in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CXT shares. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 target price on Crane NXT in a research report on Monday, August 10th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.20.

Crane NXT Trading Up 0.3%

Shares of NYSE CXT opened at $50.28 on Monday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 20.78 and a beta of 1.09. Crane NXT, Co. has a 12-month low of $35.71 and a 12-month high of $69.00. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $50.92 and its 200 day simple moving average is $46.37.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities research analysts expect that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT’s payout ratio is presently 29.75%.

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.