Kirr Marbach & Co. LLC IN Increases Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Kirr Marbach & Co. LLC IN boosted its stake in Crane NXT, Co. (NYSE:CXT) by 64.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,281 shares of the company’s stock after acquiring an additional 37,233 shares during the quarter. Crane NXT comprises about 1.2% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 26th largest holding. Kirr Marbach & Co. LLC IN owned approximately 0.17% of Crane NXT worth $5,345,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Crane NXT during the 4th quarter worth $66,550,000. Congress Asset Management Co. MA grew its stake in shares of Crane NXT by 3,331.1% during the first quarter. Congress Asset Management Co. MA now owns 595,396 shares of the company’s stock valued at $36,855,000 after acquiring an additional 578,043 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Crane NXT by 93.4% during the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock worth $69,716,000 after acquiring an additional 548,155 shares during the last quarter. Capital International Investors lifted its stake in shares of Crane NXT by 40.0% in the first quarter. Capital International Investors now owns 653,052 shares of the company’s stock worth $40,424,000 after acquiring an additional 186,437 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Crane NXT by 97.0% in the second quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock valued at $15,222,000 after purchasing an additional 122,056 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CXT. DA Davidson reissued a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th. Robert W. Baird started coverage on shares of Crane NXT in a report on Thursday. They set an “outperform” rating and a $77.00 price objective for the company. Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a research note on Thursday. Finally, Northland Securities reduced their price target on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th.

Crane NXT Stock Performance

Shares of NYSE CXT opened at $58.21 on Friday. Crane NXT, Co. has a 52-week low of $48.42 and a 52-week high of $64.80. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $56.80 and its two-hundred day moving average price is $59.26. The stock has a market capitalization of $3.33 billion, a P/E ratio of 18.36 and a beta of 1.32.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The company had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same period last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Crane NXT, Co. will post 4.28 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

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.