Louisiana State Employees Retirement System Buys Shares of 14,300 Crane NXT, Co. $CXT

Louisiana State Employees Retirement System purchased a new position in Crane NXT, Co. (NYSE:CXT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,300 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors have also recently made changes to their positions in CXT. Camelot Portfolios LLC acquired a new position in Crane NXT in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 purchasing an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in Crane NXT by 4,080.0% during 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, Jones Financial Companies Lllp boosted its stake in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 391 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Down 3.7%

CXT opened at $50.03 on Wednesday. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.34 and a beta of 1.10. Crane NXT, Co. has a one year low of $35.71 and a one year high of $69.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The business’s 50 day moving average price is $43.12 and its 200 day moving average price is $46.01.

Crane NXT (NYSE:CXT) last announced 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. The company had revenue of $387.70 million during the quarter, compared to analyst estimates 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 was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. 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 4.22 EPS for the current year.

Crane NXT Dividend Announcement

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

Analyst Upgrades and Downgrades

CXT has been the subject of a number of recent research reports. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Friday, May 15th. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a research note on Friday, May 8th. Oppenheimer cut their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Finally, Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.