Strs Ohio Cuts Position in Crane NXT, Co. (NYSE:CXT)

Strs Ohio trimmed its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,000 shares of the company's stock after selling 24,300 shares during the period. Strs Ohio owned 0.14% of Crane NXT worth $4,606,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. CWM LLC bought a new position in Crane NXT in the third quarter worth $28,000. Acadian Asset Management LLC bought a new position in shares of Crane NXT in the 3rd quarter worth about $28,000. Ronald Blue Trust Inc. bought a new position in shares of Crane NXT in the 3rd quarter worth about $30,000. Qube Research & Technologies Ltd bought a new stake in Crane NXT during the third quarter worth about $34,000. Finally, New England Capital Financial Advisors LLC bought a new stake in Crane NXT during the third quarter worth about $36,000. Institutional investors own 77.49% of the company's stock.

Crane NXT Stock Down 0.1 %

Shares of NYSE:CXT traded down $0.04 during trading on Friday, reaching $61.33. 362,286 shares of the stock traded hands, compared to its average volume of 349,820. The stock has a market cap of $3.50 billion, a P/E ratio of 18.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.46 and a current ratio of 1.93. The stock has a 50-day moving average of $60.07 and a two-hundred day moving average of $56.33. Crane NXT, Co. has a 52-week low of $46.14 and a 52-week high of $63.36.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. Crane NXT had a return on equity of 20.33% and a net margin of 13.53%. The business had revenue of $356.90 million for the quarter, compared to the consensus estimate of $340.89 million. During the same period last year, the business posted $2.13 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were given a $0.16 dividend. This is a positive change from Crane NXT's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. Crane NXT's payout ratio is 19.57%.

Analyst Ratings Changes

CXT has been the subject of several recent research reports. DA Davidson lifted their target price on shares of Crane NXT from $80.00 to $100.00 and gave the company a "buy" rating in a report on Monday, March 18th. Northland Securities initiated coverage on Crane NXT in a research note on Monday, April 8th. They set an "outperform" rating and a $91.00 price objective for the company.

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.