Pacer Advisors Inc. Purchases 548,155 Shares of Crane NXT, Co. (NYSE:CXT)

Pacer Advisors Inc. grew its position in shares of Crane NXT, Co. (NYSE:CXT) by 93.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,135,065 shares of the company’s stock after buying an additional 548,155 shares during the quarter. Pacer Advisors Inc.’s holdings in Crane NXT were worth $69,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in shares of Crane NXT in the fourth quarter worth $66,550,000. Congress Asset Management Co. MA increased its position 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 worth $36,855,000 after purchasing an additional 578,043 shares during the period. Capital International Investors increased its position 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 worth $40,424,000 after purchasing an additional 186,437 shares during the period. Axiom Investors LLC DE increased its position 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 worth $12,497,000 after purchasing an additional 143,410 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Crane NXT by 97.0% in the second quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock worth $15,222,000 after purchasing an additional 122,056 shares during the period. Institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Down 1.4 %

Shares of NYSE CXT opened at $59.00 on Friday. The stock’s fifty day moving average is $58.36 and its 200 day moving average is $59.91. The stock has a market capitalization of $3.37 billion, a P/E ratio of 18.61 and a beta of 1.33. 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, Co. has a 52 week low of $48.42 and a 52 week high of $64.80.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $370.60 million for 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%. Crane NXT’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s payout ratio is 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.