The Texas Teachers Retirement System has a $752,000 stake in Crane NXT, Co. (NYSE:CXT)

Teacher Retirement System of Texas increased its holdings in Crane NXT, Co. stock, according to its latest filing with the SEC. (NYSE:CXT – Free Report) up 20.2% in the fourth quarter. The fund held 13,217 shares of the company after purchasing an additional 2,221 shares during this period. Teacher Retirement System of Texas’s holdings in Crane NXT were worth $752,000, according to its most recent SEC filing.

Other hedge funds also made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new position in shares of Crane NXT during the third quarter worth approximately $3,319,000. Clearbridge Investments LLC purchased a new stake in shares of Crane NXT during the 3rd quarter worth approximately $10,781,000. Swiss National Bank purchased a new stake in Crane NXT during the third quarter worth approximately $5,890,000. Signaturefd LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth approximately $109,000. Finally, JP Morgan Private Wealth Advisors LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth approximately $610,000. Institutional investors and hedge funds hold 77.49% of the company’s shares.

Crane NXT Price and performance

CXT stock opened Friday at $60.96. The stock has a 50-day moving average of $61.01 and a two-hundred-day moving average of $57.81. The company has a current ratio of 2.12, a quick ratio of 1.56 and a debt to equity ratio of 0.66. Crane NXT, Co. it has a 12-month low of $48.42 and a 12-month high of $63.89. The company’s market capitalization is $3.48 billion, its P/E ratio is 19.23 and its beta is 1.36.

Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company observed EPS of $0.85 for the quarter, missing analyst estimates of $0.86 by ($0.01). Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company had revenue of $313.60 million for the quarter, compared to the consensus estimate of $311.72 million. During the same quarter last year, the company saw an EPS of $0.96. Crane NXT revenues decreased 4.7% compared to the same quarter last year. Stock analysts as a group expect Crane NXT, Co. will report 4.3 EPS for the current year.

Crane NXT announces dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12. Shareholders who hit record highs on Friday, May 31 will receive a dividend of $0.16. The ex-dividend date for this dividend is Friday, May 31st. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 1.05%. Crane NXT’s payout ratio is currently 20.19%.

Analyst Upgrades and Downgrades

Recently, several analysts have rated the company. Northland Securities started coverage on Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 price target for the company. DA Davidson increased their price target on Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 18th.

Read our latest stock analysis on CXT

NXT crane profile

(free report)

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 its Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic hardware and related software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics and productivity software solutions.

Crane NXT Price and performance

Crane NXT announces dividend

Analyst Upgrades and Downgrades

NXT crane profile

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