Teacher Retirement System of Texas Buys Shares of 7,105 Crane NXT, Co. (NYSE:CXT)

Teacher Retirement System of Texas purchased a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,105 shares of the company's stock, valued at approximately $365,000.

A number of other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Crane NXT by 4.1% during the first quarter. Bessemer Group Inc. now owns 363,799 shares of the company's stock worth $18,700,000 after acquiring an additional 14,317 shares during the period. Kirr Marbach & Co. LLC IN increased its position in Crane NXT by 2.3% during the first quarter. Kirr Marbach & Co. LLC IN now owns 96,913 shares of the company's stock worth $4,981,000 after acquiring an additional 2,157 shares during the period. Conestoga Capital Advisors LLC increased its position in Crane NXT by 83.5% during the first quarter. Conestoga Capital Advisors LLC now owns 993,154 shares of the company's stock worth $51,048,000 after acquiring an additional 451,814 shares during the period. Fifth Third Bancorp increased its position in Crane NXT by 46.0% during the first quarter. Fifth Third Bancorp now owns 812 shares of the company's stock worth $42,000 after acquiring an additional 256 shares during the period. Finally, UMB Bank n.a. boosted its stake in Crane NXT by 87.2% during the first quarter. UMB Bank n.a. now owns 702 shares of the company's stock worth $36,000 after buying an additional 327 shares in the last quarter. Institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of NYSE:CXT traded down $0.21 on Monday, hitting $57.05. The stock had a trading volume of 245,559 shares, compared to its average volume of 404,452. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.20. The firm's 50 day moving average price is $55.12 and its 200-day moving average price is $54.84. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.61 and a beta of 1.29.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 11.17% and a return on equity of 21.58%. The company had revenue of $330.30 million for the quarter, compared to the consensus estimate of $318.46 million. During the same quarter in the previous year, the company earned $0.85 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were issued a $0.17 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Crane NXT's dividend payout ratio is 23.37%.

Wall Street Analyst Weigh In

CXT has been the topic of a number of recent research reports. UBS Group decreased their price target on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. DA Davidson decreased their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.75.

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.