CXT Crane NXT Co

Crane NXT, Co. (NYSE:CXT) has received a consensus "Moderate Buy" rating from analysts, with an average 12-month price target of $75.80. The company's stock opened at $48.03, well below analyst targets, and has a market capitalization of $2.76 billion. Recent financial results show quarterly EPS of $1.81 on $871.5 million in revenue, along with a quarterly dividend of $0.17.

Congress Asset Management Co. recently increased its stake in Crane NXT, Co. (NYSE:CXT) by 4.4% in the third quarter, purchasing an additional 48,715 shares. This acquisition brings their total holdings to 1,167,160 shares, valued at $78.28 million, representing approximately 2.03% of the company. Crane NXT boasts a market cap of $2.70 billion and a P/E ratio of 17.57, with analysts maintaining a "Moderate Buy" consensus rating and an average target price of $75.80.

Squarepoint Ops LLC has acquired 25,208 shares of Crane NXT, Co., valued at approximately $1.36 million, establishing a new position in the company. Institutional investors now hold about 77.49% of Crane NXT, which currently has a "Moderate Buy" consensus rating and a target price of $75.80 from analysts. The company's financials include a $2.7 billion market cap, a P/E ratio of 17.6, quarterly EPS of $1.81, and an annualized dividend yield of 1.4%.

Crane NXT, Co. (NYSE:CXT) has acquired an initial 32% stake in Antares Vision S.p.A. for €117 million, marking the first phase of a strategic acquisition. This move expands Crane NXT's portfolio into the Life Sciences and Food & Beverage sectors, aligning with its growth strategy. The acquisition involved purchasing shares at €5.00 each from Regolo S.p.A. and Sargas S.r.L, with a mandatory tender offer for the remaining public shares and eventual delisting of Antares Vision expected in 2026.

Crane NXT Co, a maker of industrial-technology products, has acquired an approximately 32-percent stake in Italy-based Antares Vision SpA from Regolo SpA for EUR117 million. This is the first phase of Crane NXT’s overall acquisition of Antares Vision, with a mandatory tender offer for remaining shares and a full acquisition with delisting planned by 2026. Crane NXT previously reported operating profit of US$81.9 million for the three months to September 30, on net sales of US$445.1 million.

Hudson Bay Capital Management LP significantly increased its stake in Crane NXT, Co. (NYSE:CXT) during Q2, purchasing an additional 100,482 shares to bring its total holdings to 110,482 shares, valued at approximately $5.96 million. Other institutional investors like Wellington Management also increased their positions, contributing to institutional ownership of 77.49% of the company. Crane NXT has a "Moderate Buy" average analyst rating with a target price of $75.80, and the company recently declared a quarterly dividend of $0.17.