Crane NXT, Co. (NYSE:CXT) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 77.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,828 shares of the company’s stock after selling 48,172 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Crane NXT were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of Crane NXT in the third quarter worth about $306,517,000. Raymond James & Associates raised its stake in shares of Crane NXT by 14.5% during the fourth quarter. Raymond James & Associates now owns 101,121 shares of the company’s stock valued at $5,751,000 after purchasing an additional 12,822 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Crane NXT during the fourth quarter worth $572,000. Venture Visionary Partners LLC boosted its stake in shares of Crane NXT by 9.0% in the fourth quarter. Venture Visionary Partners LLC now owns 24,274 shares of the company’s stock valued at $1,381,000 after purchasing an additional 1,995 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Crane NXT in the fourth quarter valued at $773,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Price Performance

CXT stock opened at $61.39 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of 19.37 and a beta of 1.34. The stock’s 50 day moving average is $60.54 and its two-hundred day moving average is $59.97. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. Crane NXT, Co. has a 52-week low of $48.42 and a 52-week high of $64.80.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $313.60 million during the quarter, compared to analyst estimates of $311.72 million. Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. Analysts predict that Crane NXT, Co. will post 4.3 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. Crane NXT’s payout ratio is 20.19%.

Analyst Ratings Changes

Separately, Northland Securities started coverage on shares of Crane NXT in a report on Monday, April 8th. They issued an “outperform” rating and a $91.00 price objective on the stock.

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.