Simplicity Wealth LLC grew its position in shares of Crane NXT, Co. (NYSE:CXT – Free Report) by 89.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,060 shares of the company’s stock after purchasing an additional 9,950 shares during the quarter. Simplicity Wealth LLC’s holdings in Crane NXT were worth $992,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC bought a new position in Crane NXT in the 2nd quarter valued at approximately $1,066,000. BlackRock Inc. acquired a new stake in Crane NXT during the 2nd quarter worth approximately $329,797,000. Sei Investments Co. boosted its position in Crane NXT by 35.8% during the 1st quarter. Sei Investments Co. now owns 176,299 shares of the company’s stock worth $7,156,000 after buying an additional 46,465 shares during the period. Bank of America Corp DE grew its holdings in Crane NXT by 38.7% during the 1st quarter. Bank of America Corp DE now owns 449,024 shares of the company’s stock worth $18,226,000 after acquiring an additional 125,207 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in Crane NXT by 1.7% during the 3rd quarter. Congress Asset Management Co. now owns 1,185,663 shares of the company’s stock worth $55,845,000 after acquiring an additional 19,402 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CXT shares. DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research report on Friday, September 18th. Northland Securities set a $65.00 price target on shares of Crane NXT in a report on Monday, August 10th. Jefferies Financial Group assumed coverage on shares of Crane NXT in a report on Tuesday, September 22nd. They set a “buy” rating and a $60.00 price target on the stock. Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.83.
Read Our Latest Analysis on Crane NXT
Crane NXT Trading Up 2.3%
Shares of Crane NXT stock opened at $58.27 on Wednesday. The business has a 50-day moving average price of $50.40 and a two-hundred day moving average price of $47.77. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $66.44.
Crane NXT (NYSE:CXT – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, sell-side analysts forecast that Crane NXT, Co. will post 4.31 earnings per share for the current year.
Crane NXT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.2%.
Crane NXT Profile
Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.
Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.
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