Crane NXT, Co. (NYSE:CXT) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 90.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,328 shares of the company's stock after buying an additional 38,076 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.14% of Crane NXT worth $4,934,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in Crane NXT during the first quarter worth $38,000. Hobbs Group Advisors LLC acquired a new position in shares of Crane NXT during the 2nd quarter worth about $52,000. Assetmark Inc. lifted its stake in Crane NXT by 9,630.0% in the 4th quarter. Assetmark Inc. now owns 973 shares of the company's stock valued at $55,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. boosted its holdings in Crane NXT by 27.8% in the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company's stock worth $58,000 after buying an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Crane NXT by 154.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,622 shares of the company's stock worth $100,000 after buying an additional 984 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Price Performance

Shares of Crane NXT stock traded up $0.37 during mid-day trading on Friday, reaching $58.29. 269,135 shares of the stock traded hands, compared to its average volume of 328,676. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $58.16 and a 200 day moving average of $59.92. The stock has a market capitalization of $3.33 billion, a PE ratio of 18.39 and a beta of 1.33. Crane NXT, Co. has a fifty-two week low of $48.42 and a fifty-two week high of $64.80.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 earnings per share 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 company had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same quarter last year, the firm posted $1.12 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Crane NXT, Co. will post 4.28 EPS for the current year.

Crane NXT Dividend Announcement

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

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.