Xponance Inc. Has $320,000 Stake in Crane NXT, Co. (NYSE:CXT)

Xponance Inc. decreased its position in shares of Crane NXT, Co. (NYSE:CXT) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,218 shares of the company’s stock after selling 517 shares during the period. Xponance Inc.’s holdings in Crane NXT were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Sei Investments Co. increased its holdings in shares of Crane NXT by 2.6% during the second quarter. Sei Investments Co. now owns 144,302 shares of the company’s stock worth $8,863,000 after buying an additional 3,634 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Crane NXT by 93.4% during the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock worth $69,716,000 after buying an additional 548,155 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of Crane NXT during the second quarter worth approximately $202,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Crane NXT by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after purchasing an additional 265 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Crane NXT in the second quarter valued at approximately $2,714,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

Shares of Crane NXT stock opened at $55.03 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. The firm has a market cap of $3.14 billion, a P/E ratio of 17.36 and a beta of 1.33. The firm has a 50 day simple moving average of $57.86 and a 200 day simple moving average of $59.74. 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) last released its earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. Crane NXT had a net margin of 12.97% and a return on equity of 24.25%. The firm had revenue of $370.60 million during the quarter, compared to analyst estimates of $367.08 million. During the same quarter in the previous year, the business earned $1.12 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Crane NXT, Co. will post 4.28 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, August 30th. Crane NXT’s dividend payout ratio is presently 20.19%.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday.

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.