Peregrine Capital Management LLC Sells 9,545 Shares of Crane NXT, Co. $CXT

Peregrine Capital Management LLC reduced its stake in Crane NXT, Co. (NYSE:CXT) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,185 shares of the company’s stock after selling 9,545 shares during the quarter. Peregrine Capital Management LLC owned about 0.17% of Crane NXT worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CXT. US Bancorp DE grew its stake in Crane NXT by 2.0% in the 3rd quarter. US Bancorp DE now owns 8,445 shares of the company’s stock worth $566,000 after buying an additional 169 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Crane NXT by 6.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after acquiring an additional 206 shares in the last quarter. California State Teachers Retirement System grew its position in Crane NXT by 0.6% in the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after acquiring an additional 271 shares in the last quarter. Madison Asset Management LLC increased its stake in Crane NXT by 0.6% in the fourth quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock valued at $2,132,000 after acquiring an additional 290 shares during the last quarter. Finally, Creative Planning increased its stake in Crane NXT by 2.9% in the third quarter. Creative Planning now owns 13,472 shares of the company’s stock valued at $904,000 after acquiring an additional 384 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Performance

Crane NXT stock opened at $52.67 on Friday. The firm has a fifty day simple moving average of $42.73 and a two-hundred day simple moving average of $45.94. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a market capitalization of $3.03 billion, a PE ratio of 23.51 and a beta of 1.10.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Crane NXT, Co. will post 4.22 EPS for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s payout ratio is 32.14%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CXT. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Oppenheimer decreased their price objective on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Friday, May 15th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Crane NXT currently has an average rating of “Moderate Buy” and an average price target of $65.40.

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.