Segall Bryant & Hamill LLC Sells 27,948 Shares of Crane NXT, Co. $CXT

Segall Bryant & Hamill LLC lowered its holdings in Crane NXT, Co. (NYSE:CXT) by 8.9% in the 1st quarter, Holdings Channel reports. The firm owned 285,618 shares of the company’s stock after selling 27,948 shares during the period. Segall Bryant & Hamill LLC’s holdings in Crane NXT were worth $11,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Crane NXT by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock worth $78,366,000 after buying an additional 214,857 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Crane NXT by 2,449.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after acquiring an additional 1,701,361 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Crane NXT by 1.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock worth $78,212,000 after acquiring an additional 25,849 shares during the period. Channing Capital Management LLC grew its stake in shares of Crane NXT by 632.9% in the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after acquiring an additional 1,357,312 shares during the period. Finally, State Street Corp raised its holdings in shares of Crane NXT by 1.6% during the fourth quarter. State Street Corp now owns 1,565,292 shares of the company’s stock valued at $73,678,000 after purchasing an additional 24,831 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Price Performance

NYSE CXT opened at $51.98 on Monday. The company has a 50-day moving average price of $46.53 and a 200-day moving average price of $46.44. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $2.99 billion, a P/E ratio of 23.21 and a beta of 1.10.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $387.70 million for the quarter, compared to the consensus estimate of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’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. Equities research analysts anticipate that Crane NXT, Co. will post 4.23 earnings per share for the current year.

Crane NXT Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a research report on Friday, May 8th. Weiss Ratings downgraded 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 target price for the company in a research note on Friday, May 15th. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Oppenheimer lowered their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.40.

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.