First City Capital Management Inc. Sells 1,167 Shares of Crane NXT, Co. (NYSE:CXT)

First City Capital Management Inc. trimmed its stake in shares of Crane NXT, Co. (NYSE:CXT) by 20.1% during the second quarter, Holdings Channel.com reports. The firm owned 4,630 shares of the company’s stock after selling 1,167 shares during the period. First City Capital Management Inc.’s holdings in Crane NXT were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CXT. LRI Investments LLC acquired a new position in Crane NXT during the 1st quarter worth $38,000. Hobbs Group Advisors LLC bought a new position in Crane NXT in the second quarter valued at about $52,000. Assetmark Inc. increased its position in Crane NXT by 9,630.0% in the fourth quarter. Assetmark Inc. now owns 973 shares of the company’s stock worth $55,000 after purchasing an additional 963 shares during the period. Blue Trust Inc. raised its holdings 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 purchasing an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted 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 valued at $100,000 after purchasing an additional 984 shares during the period. 77.49% of the stock is owned by institutional investors.

Crane NXT Trading Down 1.4 %

CXT opened at $59.00 on Friday. Crane NXT, Co. has a fifty-two week low of $48.42 and a fifty-two week high of $64.80. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 18.61 and a beta of 1.33. 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 50 day simple moving average of $58.36 and a 200 day simple moving average of $59.92.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.02. The company had revenue of $370.60 million during the quarter, compared to analyst estimates of $367.08 million. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 EPS. On average, sell-side analysts anticipate that Crane NXT, Co. will post 4.28 earnings per share for the current 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 issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 annualized dividend and a yield of 1.08%. Crane NXT’s dividend payout ratio (DPR) is presently 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.