The Manufacturers Life Insurance Company Invests $2.18 Million in Crane NXT, Co. $CXT

The Manufacturers Life Insurance Company acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,643 shares of the company’s stock, valued at approximately $2,182,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Crane NXT at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CXT. Cetera Trust Company N.A bought a new stake in shares of Crane NXT in the 2nd quarter valued at about $301,000. Neumeier Poma Investment Counsel LLC purchased a new stake in Crane NXT during the second quarter valued at approximately $19,212,882. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Crane NXT in the second quarter valued at approximately $10,811,000. Evolve Private Wealth LLC purchased a new position in Crane NXT in the second quarter worth $349,000. Finally, Callan Family Office LLC acquired a new position in shares of Crane NXT during the second quarter worth $1,151,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Crane NXT Stock Performance

CXT opened at $50.13 on Thursday. Crane NXT, Co. has a 12-month low of $35.71 and a 12-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. The firm has a market capitalization of $2.89 billion, a PE ratio of 20.72 and a beta of 1.08. The firm has a 50 day moving average of $51.15 and a two-hundred day moving average of $46.29.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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 year.

Crane NXT Announces Dividend

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 given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is currently 29.75%.

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.