AE Wealth Management LLC Takes $202,000 Position in Crane NXT, Co. (NYSE:CXT)

AE Wealth Management LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,293 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors also recently bought and sold shares of CXT. GAMMA Investing LLC boosted its position in Crane NXT by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. grew its position in Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after buying an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Crane NXT by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after buying an additional 265 shares during the period. Bank of Nova Scotia raised its position in shares of Crane NXT by 3.7% in the fourth quarter. Bank of Nova Scotia now owns 7,613 shares of the company’s stock worth $433,000 after acquiring an additional 270 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Crane NXT by 2.1% in the second quarter. Arizona State Retirement System now owns 13,548 shares of the company’s stock worth $832,000 after acquiring an additional 279 shares during the period. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Price Performance

NYSE:CXT opened at $55.79 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Crane NXT, Co. has a 52 week low of $48.42 and a 52 week high of $64.80. The stock’s 50-day moving average price is $58.12 and its 200-day moving average price is $59.82. The stock has a market capitalization of $3.19 billion, a PE ratio of 17.60 and a beta of 1.33.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.04 by $0.02. The company 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, equities analysts expect that Crane NXT, Co. will post 4.28 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s dividend payout ratio is presently 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.