Crane NXT, Co. $CXT Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC trimmed its holdings in Crane NXT, Co. (NYSE:CXT) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,015 shares of the company’s stock after selling 15,521 shares during the quarter. Neumeier Poma Investment Counsel LLC owned about 0.65% of Crane NXT worth $17,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its position in Crane NXT by 2,449.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after purchasing an additional 1,701,361 shares during the last quarter. Norges Bank purchased a new stake in Crane NXT in the 4th quarter valued at $30,057,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Crane NXT in the 3rd quarter valued at $35,309,000. Victory Capital Management Inc. raised its position in Crane NXT by 19.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,635,770 shares of the company’s stock valued at $109,711,000 after purchasing an additional 260,986 shares during the last quarter. Finally, Channing Capital Management LLC purchased a new stake in Crane NXT in the 3rd quarter valued at $14,384,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CXT shares. Oppenheimer reduced their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Northland Securities upgraded 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. DA Davidson restated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, February 17th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Price Performance

Crane NXT stock opened at $37.27 on Friday. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The business has a 50 day simple moving average of $42.02 and a 200-day simple moving average of $47.51. The stock has a market capitalization of $2.14 billion, a PE ratio of 16.64 and a beta of 1.15.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Equities analysts predict that Crane NXT, Co. will post 4.22 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be given a $0.18 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.72 annualized dividend and a yield of 1.9%. Crane NXT’s dividend payout ratio is presently 32.14%.

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.