Police & Firemen s Retirement System of New Jersey Purchases 1,040 Shares of Crane NXT, Co. $CXT

Police & Firemen s Retirement System of New Jersey lifted its position in Crane NXT, Co. (NYSE:CXT) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,821 shares of the company’s stock after acquiring an additional 1,040 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Crane NXT were worth $1,014,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CXT. Park Avenue Securities LLC bought a new position in Crane NXT in the second quarter worth $647,000. LPL Financial LLC increased its stake in shares of Crane NXT by 18.9% in the 1st quarter. LPL Financial LLC now owns 60,611 shares of the company’s stock worth $3,115,000 after acquiring an additional 9,617 shares in the last quarter. AGF Management Ltd. lifted its position in Crane NXT by 20.1% during the 2nd quarter. AGF Management Ltd. now owns 56,592 shares of the company’s stock valued at $3,050,000 after acquiring an additional 9,482 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Crane NXT during the first quarter worth about $9,931,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Crane NXT by 54.1% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,900 shares of the company’s stock worth $2,042,000 after acquiring an additional 13,300 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Trading Up 1.8%

NYSE:CXT opened at $54.23 on Friday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 20.70 and a beta of 1.37. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average price is $63.11 and its 200-day moving average price is $59.16. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The business had revenue of $871.50 million for the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. On average, equities research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Crane NXT’s dividend payout ratio (DPR) is 25.37%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research note on Tuesday, September 23rd. Oppenheimer raised their price objective on Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Crane NXT currently has a consensus rating of “Hold” and a consensus price target of $74.25.

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.