Texas Permanent School Fund Corp Grows Position in Crane NXT, Co. (NYSE:CXT)

Texas Permanent School Fund Corp lifted its position in shares of Crane NXT, Co. (NYSE:CXT) by 90.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 80,328 shares of the company’s stock after purchasing an additional 38,076 shares during the quarter. Texas Permanent School Fund Corp owned about 0.14% of Crane NXT worth $4,934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CXT. Wellington Management Group LLP purchased a new stake in Crane NXT during the fourth quarter worth approximately $66,550,000. Dimensional Fund Advisors LP boosted its position in Crane NXT by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 983,351 shares of the company’s stock worth $55,926,000 after purchasing an additional 85,876 shares during the period. Capital International Investors boosted its position in Crane NXT by 40.0% during the 1st quarter. Capital International Investors now owns 653,052 shares of the company’s stock worth $40,424,000 after purchasing an additional 186,437 shares during the period. Congress Asset Management Co. MA increased its holdings in Crane NXT by 3,331.1% in the 1st quarter. Congress Asset Management Co. MA now owns 595,396 shares of the company’s stock valued at $36,855,000 after purchasing an additional 578,043 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Crane NXT by 20.2% in the fourth quarter. Brown Advisory Inc. now owns 576,749 shares of the company’s stock valued at $32,800,000 after purchasing an additional 97,109 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE CXT opened at $57.92 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. Crane NXT, Co. has a 1-year low of $48.42 and a 1-year high of $64.80. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.27 and a beta of 1.33. The business has a 50-day moving average of $58.13 and a 200-day moving average of $59.94.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same period in the previous year, the company posted $1.12 EPS. Crane NXT’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Crane NXT, Co. will post 4.28 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 1.10%. The ex-dividend date was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

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.