Crane NXT, Co. (NYSE:CXT) Announces $0.17 Quarterly Dividend

Crane NXT, Co. (NYSE:CXT) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 28th will be given a dividend of 0.17 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 28th.

Crane NXT has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 2 years. Crane NXT has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Crane NXT to earn $4.57 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.9%.

Crane NXT Stock Performance

Crane NXT stock opened at $64.15 on Thursday. The firm’s 50 day simple moving average is $63.60 and its 200 day simple moving average is $58.15. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.68 billion, a PE ratio of 24.48 and a beta of 1.36. Crane NXT has a 1-year low of $41.54 and a 1-year high of $69.00.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share for the quarter. The business had revenue of $871.50 million for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. As a group, analysts expect that Crane NXT will post 4.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC purchased a new stake in shares of Crane NXT in the 2nd quarter valued at $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Crane NXT by 141.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Crane NXT in the 3rd quarter valued at $28,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Crane NXT in the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.