Madison Asset Management LLC Makes New $2.28 Million Investment in Crane NXT, Co. $CXT

Madison Asset Management LLC bought a new stake in Crane NXT, Co. (NYSE:CXT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,650 shares of the company’s stock, valued at approximately $2,284,000.

Several other institutional investors also recently made changes to their positions in the stock. Camelot Portfolios LLC acquired a new stake in shares of Crane NXT during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its position in Crane NXT by 4,458.3% during 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 during the period. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew 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 buying an additional 612 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 buying an additional 391 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Trading Up 1.6%

Shares of NYSE:CXT opened at $49.33 on Friday. The company has a 50 day moving average of $50.25 and a 200-day moving average of $46.49. The firm has a market cap of $2.84 billion, a P/E ratio of 20.38 and a beta of 1.09. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00.

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

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is presently 29.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Northland Securities set a $65.00 price objective on shares of Crane NXT in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.20.

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.