New York State Teachers Retirement System Sells 2,642 Shares of Crane NXT, Co. (NYSE:CXT)

New York State Teachers Retirement System trimmed its position in Crane NXT, Co. (NYSE:CXT) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,979 shares of the company’s stock after selling 2,642 shares during the period. New York State Teachers Retirement System owned 0.10% of Crane NXT worth $3,201,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CXT. Conestoga Capital Advisors LLC bought a new position in Crane NXT in the 4th quarter valued at $31,517,000. Congress Asset Management Co. boosted its holdings in Crane NXT by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock valued at $41,672,000 after purchasing an additional 114,707 shares during the period. Potrero Capital Research LLC bought a new position in Crane NXT in the 3rd quarter valued at $5,734,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth $5,712,000. Finally, Geode Capital Management LLC grew its position in Crane NXT by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company’s stock worth $56,157,000 after acquiring an additional 60,468 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Down 1.9 %

Shares of NYSE:CXT opened at $58.15 on Friday. The firm has a fifty day moving average of $60.94 and a 200 day moving average of $58.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. Crane NXT, Co. has a 52-week low of $52.89 and a 52-week high of $67.00. The firm has a market capitalization of $3.33 billion, a PE ratio of 18.23 and a beta of 1.36.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. As a group, research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.17%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. Crane NXT’s dividend payout ratio is presently 20.06%.

Analyst Ratings Changes

CXT has been the subject of several research reports. Robert W. Baird upped their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Crane NXT has a consensus rating of “Moderate Buy” and an average target price of $83.33.

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.