Pacer Advisors Inc. Has $69.72 Million Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Pacer Advisors Inc. lifted its holdings in Crane NXT, Co. (NYSE:CXT) by 93.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,135,065 shares of the company’s stock after purchasing an additional 548,155 shares during the quarter. Pacer Advisors Inc. owned about 1.99% of Crane NXT worth $69,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Crane NXT in the 1st quarter valued at approximately $38,000. Hobbs Group Advisors LLC acquired a new position in Crane NXT during the 2nd quarter worth approximately $52,000. Blue Trust Inc. boosted its position in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after acquiring an additional 205 shares during the last quarter. Assetmark Inc. boosted its position in Crane NXT by 9,630.0% during the 4th quarter. Assetmark Inc. now owns 973 shares of the company’s stock worth $55,000 after acquiring an additional 963 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position 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 acquiring an additional 984 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Trading Down 1.4 %

NYSE:CXT opened at $59.00 on Friday. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $64.80. 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 price of $58.36 and a two-hundred day moving average price of $59.91. The company has a market cap of $3.37 billion, a P/E ratio of 18.61 and a beta of 1.33.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 EPS 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%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. As a group, analysts expect that Crane NXT, Co. will post 4.28 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, August 30th. Crane NXT’s payout ratio 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.