| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $77.00 | Outperform | Robert W. Baird |
| 4/8/2024 | $91.00 | Outperform | Northland Capital |
| 8/29/2023 | $65.00 | Neutral | UBS |
| 6/13/2023 | $70.00 | Outperform | Oppenheimer |
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
3 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
4 - Crane NXT, Co. (0000025445) (Issuer)
SC 13G/A - Crane NXT, Co. (0000025445) (Subject)
WALTHAM, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. TruTag provides secure digitization of physical products through proprietary secure marking and smartphone authentication. "The addition of this technology to Crane NXT's product portfolio is an exciting expansion of our capabilities and further enhances our ability to provide differentiated and innovative technology solutions to our customers," Aaron W. Saak, Crane NXT's President and Chief Executive Officer, said. "TruTag's Smart Pack
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies. The acquisition complements the authentication and online brand protection solutions of OpSec and expands Crane NXT's portfolio to include security technologies for the identification documents and credentials market. Aaron W. Saak, Crane NXT's President
WALTHAM, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Dr. Aleta Richards as President of its Crane Currency business, effective October 14, 2024. In this role, Dr. Richards will partner with the Crane Currency leadership team to execute the growth strategy, accelerate innovation, and leverage the Crane Business System to drive continuous improvement as a leading integrated supplier of secure, well-designed banknotes, counterfeit resistant security technology and durable banknote paper. Dr. Richards will report directly to Sam Keayes, Senior Vice President, Securit
WALTHAM, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced today its schedule for the Company's third quarter 2024 results. Earnings Release: November 6, 2024, after close of market by public distribution and the Crane NXT website at www.cranenxt.com. Earnings Call: November 7, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to parti
Delivers sales growth of 5%; OpSec integration on track Narrows range of full year Adjusted EPS guidance to $4.20 to $4.35 WALTHAM, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights GAAP earnings per diluted share (EPS) of $0.72, and Adjusted EPS of $1.06.Sales of $371 million, up 5.2% year-over-year, with 0.8% core sales growth in line with expectations.GAAP operating profit margin of 18.2%, and Adjusted operating
WALTHAM, Mass., July 11, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announces its schedule for second quarter 2024 results. Earnings Release: August 7, 2024, after close of market by public distribution and the Crane NXT website at www.cranenxt.com.Earnings Call: August 8, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to participate in the Q&A session
WALTHAM, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024. In this role, Mr. Mahan will be responsible for driving the CPI growth strategy, accelerating innovation, and leveraging the Crane Business System to drive continuous improvement and operational excellence to deliver solutions that meet customers' needs now and into the future. Mr. Mahan will report directly to Aaron W. Saak, President and CEO, Crane NXT. Mr. Saak stated, "Michael brings a wealth of experience
Completes Acquisition of OpSec Security, a Global Leader in Brand Protection and Authentication Solutions Increases Sales Growth Guidance to 5% to 8% for Full Year 2024 WALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the first quarter ended March 31, 2024. Recent Highlights Crane NXT completed the acquisition of OpSec Security (OpSec) on May 3, 2024 for $270 million in cash.First quarter core sales declined 4.2% year-over-year, in line with the Company's expectations resulting in GAAP earnings per diluted s
Creates New Security and Authentication Technologies Segment, Consisting of Crane Currency and OpSec Security Sam Keayes Appointed Senior Vice President, Security and Authentication Technologies WALTHAM, Mass. and LONDON, May 07, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed its acquisition of OpSec Security ("OpSec"), a global leader in brand protection and authentication solutions. Aaron W. Saak, Crane NXT's President and CEO, stated: "Acquiring OpSec is a major milestone in the execution of our growth strategy. We are thrilled to officially welcome the OpSec team to Cra
WALTHAM, Mass., April 17, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT), ("Crane NXT" or the "Company"), a premier industrial technology company, announces its schedule for first quarter 2024 results. Earnings Release: May 8, 2024, after close of market by public distribution and the Crane NXT, Co. website at www.cranenxt.com.Earnings Call: May 9, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to participate in the Q&A session
10-Q - Crane NXT, Co. (0000025445) (Filer)
8-K - Crane NXT, Co. (0000025445) (Filer)
11-K - Crane NXT, Co. (0000025445) (Filer)
8-K - Crane NXT, Co. (0000025445) (Filer)
8-K - Crane NXT, Co. (0000025445) (Filer)
SD - Crane NXT, Co. (0000025445) (Filer)
10-Q - Crane NXT, Co. (0000025445) (Filer)
8-K - Crane NXT, Co. (0000025445) (Filer)
ARS - Crane NXT, Co. (0000025445) (Filer)
DEFA14A - Crane NXT, Co. (0000025445) (Filer)
WALTHAM, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. TruTag provides secure digitization of physical products through proprietary secure marking and smartphone authentication. "The addition of this technology to Crane NXT's product portfolio is an exciting expansion of our capabilities and further enhances our ability to provide differentiated and innovative technology solutions to our customers," Aaron W. Saak, Crane NXT's President and Chief Executive Officer, said. "TruTag's Smart Pack
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies. The acquisition complements the authentication and online brand protection solutions of OpSec and expands Crane NXT's portfolio to include security technologies for the identification documents and credentials market. Aaron W. Saak, Crane NXT's President
WALTHAM, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced today its schedule for the Company's third quarter 2024 results. Earnings Release: November 6, 2024, after close of market by public distribution and the Crane NXT website at www.cranenxt.com. Earnings Call: November 7, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to parti
Delivers sales growth of 5%; OpSec integration on track Narrows range of full year Adjusted EPS guidance to $4.20 to $4.35 WALTHAM, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights GAAP earnings per diluted share (EPS) of $0.72, and Adjusted EPS of $1.06.Sales of $371 million, up 5.2% year-over-year, with 0.8% core sales growth in line with expectations.GAAP operating profit margin of 18.2%, and Adjusted operating
WALTHAM, Mass., July 11, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announces its schedule for second quarter 2024 results. Earnings Release: August 7, 2024, after close of market by public distribution and the Crane NXT website at www.cranenxt.com.Earnings Call: August 8, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to participate in the Q&A session
Completes Acquisition of OpSec Security, a Global Leader in Brand Protection and Authentication Solutions Increases Sales Growth Guidance to 5% to 8% for Full Year 2024 WALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the first quarter ended March 31, 2024. Recent Highlights Crane NXT completed the acquisition of OpSec Security (OpSec) on May 3, 2024 for $270 million in cash.First quarter core sales declined 4.2% year-over-year, in line with the Company's expectations resulting in GAAP earnings per diluted s
Creates New Security and Authentication Technologies Segment, Consisting of Crane Currency and OpSec Security Sam Keayes Appointed Senior Vice President, Security and Authentication Technologies WALTHAM, Mass. and LONDON, May 07, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed its acquisition of OpSec Security ("OpSec"), a global leader in brand protection and authentication solutions. Aaron W. Saak, Crane NXT's President and CEO, stated: "Acquiring OpSec is a major milestone in the execution of our growth strategy. We are thrilled to officially welcome the OpSec team to Cra
WALTHAM, Mass., April 17, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT), ("Crane NXT" or the "Company"), a premier industrial technology company, announces its schedule for first quarter 2024 results. Earnings Release: May 8, 2024, after close of market by public distribution and the Crane NXT, Co. website at www.cranenxt.com.Earnings Call: May 9, 2024, at 10:00 AM (Eastern Time) hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties may listen to a live webcast of the conference call by visiting the Events section of the investor relations section of the Company's website. For those wishing to participate in the Q&A session
Expands Crane NXT's capabilities in physical and digital product authentication and anticounterfeiting technologies Transaction expected to deliver double digit ROIC by year five Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with Investcorp Technology Partners ("Investcorp") to acquire OpSec Security ("OpSec") for $270 million in cash, subject to customary adjustments. OpSec is a global leader in brand protection and authentication solutions, serving the world's most recognized brands, as well as government agencies and financial institutions. Aaron W. Saak, Crane NXT's President
Delivered Full Year GAAP EPS of $3.28, Adjusted EPS of $4.16, Exceeding 2023 Guidance Achieved Full Year 2023 Core Sales Growth of 4% with Crane Currency Core Sales Growth of 8% Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 and Recent Highlights Core sales grew 4.1% year-over-year. GAAP operating profit margin was 20.3% and Adjusted operating profit margin was 23.4%. GAAP earnings per diluted share (EPS) was $0.86, and Adjusted EPS was $0.99. The Company repaid $70 million of its $350 million term loan
Robert W. Baird initiated coverage of Crane NXT with a rating of Outperform and set a new price target of $77.00
Northland Capital initiated coverage of Crane NXT with a rating of Outperform and set a new price target of $91.00
UBS initiated coverage of Crane NXT with a rating of Neutral and set a new price target of $65.00
Oppenheimer initiated coverage of Crane NXT with a rating of Outperform and set a new price target of $70.00
Full Year 2024 GuidanceThe Company is updating its initial full year guidance provided on February 14, 2024, for certain metrics to include the acquisition of OpSec Security. There is no change to the core sales growth guidance for Crane NXT's segments, CPI and Crane Currency, provided on February 14, 2024.Full Year 2024 Guidance Details(dollars in millions, except per share data)Initial GuidanceUpdated GuidanceCrane NXT Sales Growth*-1% to +3%+5% to +8%Adjusted EPS$4.10 to $4.35$4.10 to $4.35Adjusted Segment Operating Margin27% to 29%26% to 28%Corporate Expense~$53~$53Non-Operating Expense, Net~$37~$47Adjusted Tax Rate~21%~21%Adjusted Free Cash Flow Conversion~100%~100%Diluted Shares~57.6~5
Crane NXT (NYSE:CXT) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.84 by 1.19 percent. This is a 12.37 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $313.60 million which beat the analyst consensus estimate of $311.72 million by 0.60 percent. This is a 4.71 percent decrease over sales of $329.10 million the same period last year.
rane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed its acquisition of OpSec Security ("OpSec"), a global leader in brand protection and authentication solutions.
Across the recent three months, 5 analysts have shared their insights on Crane NXT (NYSE:CXT), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 0 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $86.2, a high estimate of $100.00, and a low estimate of $80.00. Surpassing the previous average
Northland Capital Markets analyst Bobby Brooks initiates coverage on Crane NXT (NYSE:CXT) with a Outperform rating and announces Price Target of $91.
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Crane NXT (NYSE:CXT) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Crane NXT and provided 12-month price targets. The average target is $85.0, accompanied by a high estimate of $100.00
DA Davidson analyst Matt Summerville maintains Crane NXT (NYSE:CXT) with a Buy and raises the price target from $80 to $100.
DA Davidson analyst Matt Summerville maintains Crane NXT (NYSE:CXT) with a Buy and maintains $80 price target.
DA Davidson analyst Matt Summerville reiterates Crane NXT (NYSE:CXT) with a Buy and maintains $80 price target.
WALTHAM, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Dr. Aleta Richards as President of its Crane Currency business, effective October 14, 2024. In this role, Dr. Richards will partner with the Crane Currency leadership team to execute the growth strategy, accelerate innovation, and leverage the Crane Business System to drive continuous improvement as a leading integrated supplier of secure, well-designed banknotes, counterfeit resistant security technology and durable banknote paper. Dr. Richards will report directly to Sam Keayes, Senior Vice President, Securit
WALTHAM, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024. In this role, Mr. Mahan will be responsible for driving the CPI growth strategy, accelerating innovation, and leveraging the Crane Business System to drive continuous improvement and operational excellence to deliver solutions that meet customers' needs now and into the future. Mr. Mahan will report directly to Aaron W. Saak, President and CEO, Crane NXT. Mr. Saak stated, "Michael brings a wealth of experience
WALTHAM, Mass., April 02, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that its Board of Directors has appointed Sandra Joyce as a Director of Crane NXT. Ms. Joyce brings over two decades of experience in cybersecurity and national security working with both government entities and in the private sector to advise leaders and boards on global business threats. She is currently Vice President at Google Cloud and Head of Mandiant Intelligence at Google, where she leads Mandiant's Global Threat Intelligence Business. She joined Google with its acquisition of Mandiant (formerly FireEye, Inc.) in 2022
Brings Over 20 Years of Experience Leading Corporate Strategy and M&A for Multinational Organizations Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Hans Lidforss as Senior Vice President of Strategy. In this new role, Mr. Lidforss will be responsible for advancing the Company's strategy and creating new avenues for growth, including identifying and executing opportunities for M&A, growth ventures, and partnerships. Mr. Lidforss will report directly to Aaron W. Saak, President and CEO, Crane NXT. Mr. Saak stated, "I am thrilled to welcome Hans to our team. Hans' deep experience developing and implementi
Patrick Decker to retire from CEO position at the end of the year and remain employed as an advisor through March 2024 COO Matthew Pine to assume CEO position effective January 1, 2024 William Grogan appointed CFO, succeeding Sandra Rowland, effective October 1, 2023 Company reaffirms third-quarter and full-year 2023 guidance Xylem Inc. (NYSE:XYL), a leading global water technology company dedicated to solving the world's most challenging water issues, today announced that after a distinguished decade leading Xylem, President and Chief Executive Officer Patrick Decker has announced his plans to retire as CEO at the end of 2023. In accordance with the Company's long-term success
Crane NXT, Co. (NYSE:CXT), ("Crane NXT" or the "Company"), a premier industrial technology company, announced that it has appointed Rima Hyder as Vice President, Investor Relations (IR). Based in Waltham, Hyder will report to Christina Cristiano, Senior Vice President and Chief Financial Officer. Hyder will lead the IR function after a transition period with Jason Feldman, Vice President, IR for Crane Company. Feldman has jointly led the IR functions at both Crane Company and Crane NXT since the separation of the companies in April 2023. Christina Cristiano, CFO said: "Rima brings a wealth of experience in investor relations, communications and finance and we are excited to have her join
Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced that its Board of Directors has appointed David D. Petratis as a Director of Crane NXT. Mr. Petratis has built a career as an Executive Leader and Board Director of multinational technology-focused companies. From 2013 to 2022, he served as Chairman of the Board, President and Chief Executive Officer of Allegion plc, a global provider of security and access solutions. His additional prior roles included Chairman, President and Chief Executive Officer of Quanex Building Products Corporation (2008 to 2013), and senior leadership positions at Schneider Electric, MGE UPS Systems Americ
Adds Three Mutually Agreed-Upon Independent Directors Supported by Elliott Establishes New Board Committee to Oversee Strategic and Operational Review AKRON, Ohio, July 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear") today announced enhancements to its Board of Directors in connection with a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott"). Three highly experienced business leaders, mutually agreed-upon between Goodyear and Elliott, will join the Board effective immediately