Crane NXT, Co. (NYSE:CXT) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Crane NXT, Co. (NYSE:CXT) by 97.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,842 shares of the company’s stock after purchasing an additional 122,056 shares during the period. Hsbc Holdings PLC owned approximately 0.43% of Crane NXT worth $15,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CXT. Wellington Management Group LLP acquired a new stake in Crane NXT in the fourth quarter worth approximately $66,550,000. Congress Asset Management Co. MA increased its holdings in shares of Crane NXT by 3,331.1% in the first quarter. Congress Asset Management Co. MA now owns 595,396 shares of the company’s stock valued at $36,855,000 after buying an additional 578,043 shares in the last quarter. Capital International Investors increased its holdings in shares of Crane NXT by 40.0% in the first quarter. Capital International Investors now owns 653,052 shares of the company’s stock valued at $40,424,000 after buying an additional 186,437 shares in the last quarter. Axiom Investors LLC DE increased its holdings in shares of Crane NXT by 187.9% in the fourth quarter. Axiom Investors LLC DE now owns 219,740 shares of the company’s stock valued at $12,497,000 after buying an additional 143,410 shares in the last quarter. Finally, Congress Wealth Management LLC DE bought a new position in shares of Crane NXT in the first quarter valued at $5,633,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

NYSE CXT opened at $59.00 on Monday. The stock has a market capitalization of $3.37 billion, a P/E ratio of 18.61 and a beta of 1.33. Crane NXT, Co. has a 1 year low of $48.42 and a 1 year high of $64.80. The business’s fifty day moving average is $58.36 and its two-hundred day moving average is $59.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.20.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $370.60 million for the quarter, compared to analysts’ expectations 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 was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. On average, research analysts forecast that Crane NXT, Co. will post 4.28 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is currently 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.