Crane NXT, Co. $CXT Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in Crane NXT, Co. (NYSE:CXT) by 37.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,111 shares of the company’s stock after selling 7,350 shares during the period. Ensign Peak Advisors Inc’s holdings in Crane NXT were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ARS Investment Partners LLC acquired a new stake in Crane NXT in the second quarter valued at $218,000. Portside Wealth Group LLC lifted its stake in shares of Crane NXT by 67.6% in the second quarter. Portside Wealth Group LLC now owns 6,543 shares of the company’s stock valued at $353,000 after purchasing an additional 2,639 shares during the period. Creative Planning boosted its holdings in Crane NXT by 19.7% during the second quarter. Creative Planning now owns 13,088 shares of the company’s stock worth $705,000 after buying an additional 2,154 shares in the last quarter. SG Americas Securities LLC grew its position in Crane NXT by 431.2% during the second quarter. SG Americas Securities LLC now owns 20,405 shares of the company’s stock worth $1,100,000 after buying an additional 16,564 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Crane NXT by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,676 shares of the company’s stock valued at $683,000 after buying an additional 922 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

NYSE CXT opened at $56.30 on Monday. The business’s 50-day moving average price is $62.93 and its 200 day moving average price is $59.32. 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 twelve month low of $41.54 and a twelve month high of $69.00. The company has a market capitalization of $3.23 billion, a PE ratio of 21.49 and a beta of 1.37.

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

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Crane NXT’s dividend payout ratio (DPR) is 25.37%.

Analysts Set New Price Targets

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

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.