Crane NXT, Co. (NYSE:CXT) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in shares of Crane NXT, Co. (NYSE:CXTFree Report) by 124.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,501 shares of the company’s stock after buying an additional 26,375 shares during the period. Treasurer of the State of North Carolina owned 0.08% of Crane NXT worth $2,701,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Oxford Asset Management LLP acquired a new position in Crane NXT during the fourth quarter worth approximately $627,000. Aigen Investment Management LP acquired a new position in shares of Crane NXT in the fourth quarter valued at approximately $221,000. Assetmark Inc. increased its holdings in shares of Crane NXT by 9,630.0% in the fourth quarter. Assetmark Inc. now owns 973 shares of the company’s stock valued at $55,000 after purchasing an additional 963 shares during the period. Quest Partners LLC acquired a new position in shares of Crane NXT in the fourth quarter valued at approximately $191,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Crane NXT by 107.5% in the fourth quarter. Corient Private Wealth LLC now owns 16,930 shares of the company’s stock valued at $963,000 after purchasing an additional 8,772 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Up 2.5 %

Crane NXT stock opened at $62.08 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.12 and a quick ratio of 1.56. Crane NXT, Co. has a 1-year low of $48.42 and a 1-year high of $63.89. The company has a market cap of $3.55 billion, a PE ratio of 19.58 and a beta of 1.35. The stock’s 50 day moving average price is $61.21 and its 200 day moving average price is $58.50.

Crane NXT (NYSE:CXTGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The business had revenue of $313.60 million during the quarter, compared to analysts’ expectations of $311.72 million. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Crane NXT, Co. will post 4.3 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be given a dividend of $0.16 per share. The ex-dividend date is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. Crane NXT’s payout ratio is 20.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Northland Securities assumed coverage on Crane NXT in a report on Monday, April 8th. They issued an “outperform” rating and a $91.00 target price on the stock. DA Davidson boosted their target price on Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a report on Monday, March 18th.

Read Our Latest Stock Report on CXT

Crane NXT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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