Strs Ohio Buys New Position in Crane NXT, Co. $CXT

Strs Ohio bought a new stake in Crane NXT, Co. (NYSE:CXT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 109,152 shares of the company’s stock, valued at approximately $5,610,000. Strs Ohio owned approximately 0.19% of Crane NXT as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Crane NXT in the 4th quarter valued at about $26,000. UMB Bank n.a. boosted its position in shares of Crane NXT by 87.2% during the 1st quarter. UMB Bank n.a. now owns 702 shares of the company’s stock valued at $36,000 after purchasing an additional 327 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after purchasing an additional 391 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Crane NXT by 46.0% during the 1st quarter. Fifth Third Bancorp now owns 812 shares of the company’s stock valued at $42,000 after purchasing an additional 256 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Crane NXT during the 1st quarter valued at about $44,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.75.

Crane NXT Stock Performance

Shares of CXT opened at $60.39 on Monday. Crane NXT, Co. has a one year low of $41.54 and a one year high of $67.00. The company has a 50-day moving average of $59.40 and a two-hundred day moving average of $54.37. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 23.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The company had revenue of $404.40 million during the quarter, compared to analysts’ expectations of $382.79 million. On average, equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 29th. Crane NXT’s dividend payout ratio (DPR) is presently 25.95%.

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.