Dimensional Fund Advisors LP Increases Stake in Crane NXT, Co. $CXT

Dimensional Fund Advisors LP increased its stake in Crane NXT, Co. (NYSE:CXT) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,930,800 shares of the company’s stock after purchasing an additional 214,857 shares during the period. Dimensional Fund Advisors LP’s holdings in Crane NXT were worth $78,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Alliancebernstein L.P. increased its stake in 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 purchasing an additional 1,701,361 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Crane NXT by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock worth $78,212,000 after buying an additional 25,849 shares during the period. Channing Capital Management LLC grew its holdings in shares of Crane NXT by 632.9% during the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock valued at $73,983,000 after buying an additional 1,357,312 shares during the last quarter. State Street Corp grew 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 buying an additional 24,831 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Crane NXT by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,381,816 shares of the company’s stock valued at $65,042,000 after acquiring an additional 15,516 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

CXT has been the subject of a number of research analyst reports. Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Oppenheimer reduced their price objective on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Finally, Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, May 15th. 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 company. According to MarketBeat.com, Crane NXT has an average rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Stock Down 0.5%

Shares of CXT opened at $51.74 on Friday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 23.10 and a beta of 1.10. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The stock’s 50-day moving average price is $46.31 and its 200-day moving average price is $46.42. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating 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 company had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. During the same period last year, the business earned $0.54 earnings per share. Crane NXT’s quarterly revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, sell-side analysts predict that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Announces Dividend

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