Bank of New York Mellon Corp Increases Position in Crane NXT, Co. (NYSE:CXT)

Bank of New York Mellon Corp boosted its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 522,205 shares of the company's stock after acquiring an additional 19,224 shares during the quarter. Bank of New York Mellon Corp owned 0.91% of Crane NXT worth $32,074,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CXT. LRI Investments LLC boosted its position in Crane NXT by 1,875.0% during the second quarter. LRI Investments LLC now owns 632 shares of the company's stock worth $39,000 after acquiring an additional 600 shares during the last quarter. JB Capital LLC purchased a new stake in shares of Crane NXT in the second quarter valued at approximately $230,000. Kirr Marbach & Co. LLC IN purchased a new position in shares of Crane NXT during the 2nd quarter worth $3,565,000. Hobbs Group Advisors LLC purchased a new position in Crane NXT during the second quarter worth about $52,000. Finally, Blue Trust Inc. lifted its holdings in Crane NXT by 27.8% in the second quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after acquiring an additional 205 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 0.6 %

CXT traded up $0.32 on Wednesday, hitting $56.47. The company had a trading volume of 359,391 shares, compared to its average volume of 327,703. The company's fifty day moving average price is $58.55 and its 200 day moving average price is $60.07. The firm has a market cap of $3.23 billion, a P/E ratio of 17.81 and a beta of 1.34. Crane NXT, Co. has a 1 year low of $48.42 and a 1 year high of $64.80. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $370.60 million during the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. Crane NXT's revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, equities analysts expect that Crane NXT, Co. will post 4.28 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Crane NXT's dividend payout ratio (DPR) is presently 20.19%.

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.