State of New Jersey Common Pension Fund D Sells 14,841 Shares of Crane NXT, Co. (NYSE:CXT)

State of New Jersey Common Pension Fund D lowered its stake in shares of Crane NXT, Co. (NYSE:CXT) by 32.4% during the second quarter, HoldingsChannel reports. The fund owned 31,001 shares of the company’s stock after selling 14,841 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Crane NXT were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CXT. GAMMA Investing LLC boosted its stake in Crane NXT by 9.8% during the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after buying an additional 195 shares in the last quarter. Blue Trust Inc. boosted its stake in Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after buying an additional 205 shares in the last quarter. Bank of Nova Scotia boosted its stake in Crane NXT by 3.7% during the fourth quarter. Bank of Nova Scotia now owns 7,613 shares of the company’s stock worth $433,000 after buying an additional 270 shares in the last quarter. Arizona State Retirement System boosted its stake in Crane NXT by 2.1% during the second quarter. Arizona State Retirement System now owns 13,548 shares of the company’s stock worth $832,000 after buying an additional 279 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Crane NXT by 2.6% during the first quarter. State of Michigan Retirement System now owns 11,872 shares of the company’s stock worth $735,000 after buying an additional 300 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Down 1.4 %

CXT opened at $59.00 on Monday. 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 debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. The firm’s fifty day moving average price is $58.36 and its two-hundred day moving average price is $59.92. The company has a market capitalization of $3.37 billion, a P/E ratio of 18.61 and a beta of 1.33.

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

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.08%. Crane NXT’s dividend payout ratio 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.