Nicholas Investment Partners LP Grows Position in Crane NXT, Co. (NYSE:CXT)

Nicholas Investment Partners LP grew its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 16.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 225,144 shares of the company's stock after acquiring an additional 31,061 shares during the quarter. Crane NXT accounts for approximately 1.4% of Nicholas Investment Partners LP's holdings, making the stock its 12th largest holding. Nicholas Investment Partners LP owned 0.39% of Crane NXT worth $13,828,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CXT. GAMMA Investing LLC boosted its stake in Crane NXT by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company's stock worth $134,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after buying an additional 205 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Crane NXT by 3.7% in the 4th quarter. Bank of Nova Scotia now owns 7,613 shares of the company's stock valued at $433,000 after acquiring an additional 270 shares during the period. Arizona State Retirement System raised its stake in Crane NXT by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 13,548 shares of the company's stock worth $832,000 after acquiring an additional 279 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Crane NXT by 2.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company's stock worth $860,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Stock Performance

Shares of CXT stock traded up $1.83 during mid-day trading on Thursday, reaching $57.92. The stock had a trading volume of 343,649 shares, compared to its average volume of 329,015. Crane NXT, Co. has a 1-year low of $48.42 and a 1-year high of $64.80. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 18.27 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The business's fifty day moving average is $58.13 and its 200-day moving average is $59.94.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Crane NXT's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Crane NXT, Co. will post 4.28 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.10%. Crane NXT's dividend payout ratio (DPR) is presently 20.19%.

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.