Strs Ohio Sells 15,584 Shares of Crane NXT, Co. $CXT

Strs Ohio trimmed its position in Crane NXT, Co. (NYSE:CXT) by 14.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 93,568 shares of the company’s stock after selling 15,584 shares during the period. Strs Ohio owned about 0.16% of Crane NXT worth $5,043,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc boosted its position in Crane NXT by 39.4% in the 2nd quarter. Atria Investments Inc now owns 7,034 shares of the company’s stock valued at $379,000 after buying an additional 1,989 shares during the last quarter. Carret Asset Management LLC bought a new position in Crane NXT in the 2nd quarter valued at $208,000. Retirement Systems of Alabama boosted its position in Crane NXT by 0.7% in the 2nd quarter. Retirement Systems of Alabama now owns 60,298 shares of the company’s stock valued at $3,250,000 after buying an additional 448 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Crane NXT by 9,087.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 735 shares of the company’s stock valued at $40,000 after buying an additional 727 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Crane NXT by 4.2% in the 2nd 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. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer raised their price target on Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Crane NXT has an average rating of “Hold” and a consensus price target of $75.00.

Crane NXT Stock Performance

Shares of Crane NXT stock opened at $63.23 on Monday. The company has a market capitalization of $3.63 billion, a PE ratio of 24.13 and a beta of 1.36. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $69.00. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $63.49 and its 200 day simple moving average is $57.84.

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

Crane NXT Dividend Announcement

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

Crane NXT 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.