54,696 Shares in Crane NXT, Co. $CXT Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,696 shares of the company’s stock, valued at approximately $2,798,000. Oppenheimer Asset Management Inc. owned 0.10% of Crane NXT at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in Crane NXT in the second quarter valued at about $1,066,000. Bank of America Corp DE lifted its position in Crane NXT by 38.7% during the first quarter. Bank of America Corp DE now owns 449,024 shares of the company’s stock worth $18,226,000 after purchasing an additional 125,207 shares during the period. California State Teachers Retirement System grew its stake in Crane NXT by 22.3% during the first quarter. California State Teachers Retirement System now owns 60,503 shares of the company’s stock worth $2,456,000 after buying an additional 11,012 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Crane NXT during the first quarter worth about $897,000. Finally, Entropy Technologies LP bought a new position in Crane NXT in the 1st quarter valued at about $763,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXT has been the subject of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Crane NXT in a research report on Friday, July 31st. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. Northland Securities set a $65.00 price objective on shares of Crane NXT in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.20.

Crane NXT Stock Performance

NYSE:CXT opened at $51.76 on Friday. The stock’s 50-day simple moving average is $49.40 and its 200 day simple moving average is $46.55. The firm has a market capitalization of $2.98 billion, a PE ratio of 21.39 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00.

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

Crane NXT Dividend Announcement

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

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.