LRI Investments LLC Invests $38,000 in Crane NXT, Co. (NYSE:CXT)

LRI Investments LLC acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 632 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC bought a new position in shares of Crane NXT during the 4th quarter worth about $2,428,000. Axiom Investors LLC DE lifted its position in Crane NXT by 187.9% in the 4th quarter. Axiom Investors LLC DE now owns 219,740 shares of the company’s stock valued at $12,497,000 after acquiring an additional 143,410 shares in the last quarter. Congress Wealth Management LLC DE bought a new position in Crane NXT in the 1st quarter valued at about $5,633,000. Brown Advisory Inc. lifted its position in Crane NXT by 20.2% in the 4th quarter. Brown Advisory Inc. now owns 576,749 shares of the company’s stock valued at $32,800,000 after acquiring an additional 97,109 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Crane NXT in the 4th quarter valued at about $3,526,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Up 4.0 %

NYSE:CXT traded up $2.45 on Friday, hitting $63.84. The stock had a trading volume of 295,193 shares, compared to its average volume of 340,943. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.56 and a current ratio of 2.12. The stock has a market cap of $3.65 billion, a P/E ratio of 20.14 and a beta of 1.34. Crane NXT, Co. has a 1 year low of $48.42 and a 1 year high of $64.80. The firm’s fifty day simple moving average is $60.61 and its two-hundred day simple moving average is $60.07.

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

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.00%. Crane NXT’s payout ratio is currently 20.19%.

Analyst Upgrades and Downgrades

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

About Crane NXT

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.