EntryPoint Capital LLC Has $101,000 Stake in Crane NXT, Co. (NYSE:CXT)

EntryPoint Capital LLC trimmed its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 33.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,636 shares of the company’s stock after selling 839 shares during the quarter. EntryPoint Capital LLC’s holdings in Crane NXT were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CXT. Vanguard Group Inc. acquired a new position in Crane NXT during the third quarter worth $306,517,000. Raymond James & Associates grew its position in shares of Crane NXT by 14.5% in 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 last quarter. International Assets Investment Management LLC acquired a new stake in shares of Crane NXT in the fourth quarter valued at about $572,000. Venture Visionary Partners LLC grew its position 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 last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Crane NXT in the fourth quarter valued at about $773,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Crane NXT Stock Up 4.0 %

NYSE CXT opened at $63.84 on Friday. 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 firm has a 50-day simple moving average of $60.61 and a 200 day simple moving average of $60.03. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $64.80. The stock has a market cap of $3.65 billion, a PE ratio of 20.14 and a beta of 1.34.

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

Crane NXT Announces Dividend

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

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.