Conestoga Capital Advisors LLC Has $65.31 Million Stake in Crane NXT, Co. $CXT

Conestoga Capital Advisors LLC lowered its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973,812 shares of the company’s stock after selling 20,780 shares during the quarter. Conestoga Capital Advisors LLC owned 1.70% of Crane NXT worth $65,314,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in Crane NXT by 2,449.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock worth $95,446,000 after purchasing an additional 1,701,361 shares in the last quarter. State Street Corp increased its position in shares of Crane NXT by 0.7% during the second quarter. State Street Corp now owns 1,533,762 shares of the company’s stock worth $82,670,000 after acquiring an additional 9,959 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Crane NXT by 16.5% during the second quarter. Invesco Ltd. now owns 1,240,520 shares of the company’s stock worth $66,864,000 after acquiring an additional 175,771 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Crane NXT by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 1,167,247 shares of the company’s stock worth $62,915,000 after acquiring an additional 15,775 shares during the period. Finally, Congress Asset Management Co. lifted its position in Crane NXT by 4.4% in the 3rd quarter. Congress Asset Management Co. now owns 1,167,160 shares of the company’s stock valued at $78,281,000 after acquiring an additional 48,715 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Up 1.2%

NYSE:CXT opened at $50.00 on Monday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.66 and a beta of 1.18. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $69.00. The stock’s 50 day moving average price is $54.04 and its two-hundred day moving average price is $58.60. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.69.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share for the quarter. The business had revenue of $871.50 million during the quarter. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. Crane NXT has set its FY 2025 guidance at 4.000-4.100 EPS. Equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. Crane NXT’s payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CXT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. CJS Securities raised Crane NXT to a “strong-buy” rating in a research report on Thursday, December 11th. Robert W. Baird reduced their price target on Crane NXT from $88.00 to $82.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Zacks Research cut shares of Crane NXT from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Crane NXT currently has an average rating of “Hold” and a consensus price target of $75.80.

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.