Crane NXT, Co. $CXT Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its holdings in Crane NXT, Co. (NYSE:CXT) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 429,438 shares of the company’s stock after selling 14,666 shares during the quarter. Bessemer Group Inc.’s holdings in Crane NXT were worth $20,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CXT. Alliancebernstein L.P. increased its stake in Crane NXT by 2,449.9% in the second 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Crane NXT during the third quarter worth about $35,309,000. Victory Capital Management Inc. increased its stake in Crane NXT by 19.0% during the third quarter. Victory Capital Management Inc. now owns 1,635,770 shares of the company’s stock worth $109,711,000 after acquiring an additional 260,986 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Crane NXT during the third quarter worth about $14,384,000. Finally, Thornburg Investment Management Inc. acquired a new stake in Crane NXT during the third quarter worth about $9,923,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Performance

Shares of NYSE:CXT opened at $38.25 on Friday. The firm has a market capitalization of $2.20 billion, a PE ratio of 17.07 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The business has a 50-day moving average of $43.31 and a two-hundred day moving average of $49.98. Crane NXT, Co. has a 12 month low of $38.19 and a 12 month high of $69.00.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping 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 the consensus estimate of $378.63 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, research analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. Crane NXT’s dividend payout ratio is presently 32.14%.

Wall Street Analyst Weigh In

Several brokerages have commented on CXT. DA Davidson restated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, February 17th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Friday. Oppenheimer dropped their price target 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. UBS Group set a $58.00 price target on Crane NXT in a research note on Friday, February 13th. Finally, Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Crane NXT has a consensus rating of “Moderate Buy” and an average price target of $65.40.

About Crane NXT

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.