Healthcare of Ontario Pension Plan Trust Fund Invests $3.53 Million in Crane NXT, Co. (NYSE:CXT)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 62,000 shares of the company’s stock, valued at approximately $3,526,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Crane NXT as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC purchased a new position in Crane NXT in the third quarter worth $402,528,000. Vanguard Group Inc. bought a new position in shares of Crane NXT during the 3rd quarter valued at about $306,517,000. Victory Capital Management Inc. raised its holdings in shares of Crane NXT by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,235,343 shares of the company’s stock valued at $70,254,000 after buying an additional 49,106 shares in the last quarter. Wellington Management Group LLP bought a new stake in Crane NXT in the 4th quarter worth approximately $66,550,000. Finally, Dimensional Fund Advisors LP boosted its stake in Crane NXT by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 983,351 shares of the company’s stock worth $55,926,000 after buying an additional 85,876 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CXT. Northland Securities started coverage on shares of Crane NXT in a research report on Monday, April 8th. They issued an “outperform” rating and a $91.00 target price on the stock. DA Davidson raised their price target on Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 18th.

Crane NXT Trading Up 2.0 %

Shares of CXT opened at $63.22 on Wednesday. The stock has a market capitalization of $3.61 billion, a P/E ratio of 19.95 and a beta of 1.35. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $63.89. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $61.39 and a two-hundred day simple moving average of $59.04.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $313.60 million for the quarter, compared to the consensus estimate of $311.72 million. Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. On average, research analysts anticipate that Crane NXT, Co. will post 4.3 EPS for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. Crane NXT’s dividend payout ratio is currently 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.