Bank of Montreal Can Sells 923 Shares of Crane NXT, Co. $CXT

Bank of Montreal Can trimmed its holdings in Crane NXT, Co. (NYSE:CXT) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,267 shares of the company’s stock after selling 923 shares during the quarter. Bank of Montreal Can’s holdings in Crane NXT were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Investments Inc raised its stake in Crane NXT by 39.4% during the 2nd quarter. Atria Investments Inc now owns 7,034 shares of the company’s stock valued at $379,000 after purchasing an additional 1,989 shares during the last quarter. Carret Asset Management LLC acquired a new stake in Crane NXT in the 2nd quarter worth $208,000. Retirement Systems of Alabama increased its holdings in shares of Crane NXT by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 60,298 shares of the company’s stock worth $3,250,000 after purchasing an additional 448 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Crane NXT by 9,087.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 735 shares of the company’s stock worth $40,000 after purchasing an additional 727 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Crane NXT by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 7,404 shares of the company’s stock valued at $399,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of Crane NXT stock opened at $55.88 on Wednesday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.33 and a beta of 1.37. The firm’s 50-day moving average price is $63.53 and its two-hundred day moving average price is $59.11. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Crane NXT, Co. has a 1-year low of $41.54 and a 1-year high of $69.00.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%.The business had revenue of $871.50 million for the quarter. On average, equities analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 28th. Crane NXT’s dividend payout ratio is presently 25.37%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price target on Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. DA Davidson reissued a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.25.

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.