Amalgamated Bank Has $3.73 Million Stock Position in Crane Holdings, Co. (NYSE:CR)

Amalgamated Bank reduced its stake in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,421 shares of the conglomerate’s stock after selling 1,264 shares during the quarter. Amalgamated Bank’s holdings in Crane were worth $3,727,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CR. Zions Bancorporation N.A. acquired a new position in Crane during the 1st quarter valued at $42,000. Quent Capital LLC bought a new stake in Crane in the 4th quarter valued at $46,000. Ellevest Inc. increased its holdings in Crane by 104.3% in the 1st quarter. Ellevest Inc. now owns 476 shares of the conglomerate’s stock valued at $52,000 after buying an additional 243 shares during the period. Prospera Financial Services Inc bought a new stake in Crane in the 1st quarter valued at $55,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Crane by 31.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 636 shares of the conglomerate’s stock valued at $69,000 after buying an additional 153 shares during the period. 69.62% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Down 1.8 %

CR opened at $87.81 on Friday. The firm’s 50-day simple moving average is $96.94 and its 200-day simple moving average is $97.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 2.04. Crane Holdings, Co. has a twelve month low of $82.14 and a twelve month high of $114.87. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.23 and a beta of 1.57.

Crane (NYSE:CRGet Rating) last posted its earnings results on Monday, July 25th. The conglomerate reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. Crane had a net margin of 17.56% and a return on equity of 22.10%. The business had revenue of $864.30 million for the quarter, compared to analyst estimates of $821.76 million. During the same quarter in the prior year, the firm earned $1.83 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Crane Holdings, Co. will post 7.68 EPS for the current fiscal year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Tuesday, August 30th. Crane’s dividend payout ratio is currently 18.95%.

Insiders Place Their Bets

In other Crane news, CFO Richard A. Maue sold 10,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total transaction of $1,017,800.00. Following the sale, the chief financial officer now owns 77,420 shares of the company’s stock, valued at approximately $7,879,807.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Crane news, SVP Alejandro Alcala sold 21,863 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $104.13, for a total transaction of $2,276,594.19. Following the transaction, the senior vice president now directly owns 22,177 shares in the company, valued at approximately $2,309,291.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Maue sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total transaction of $1,017,800.00. Following the transaction, the chief financial officer now owns 77,420 shares in the company, valued at $7,879,807.60. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CR. UBS Group lowered their price target on shares of Crane from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. StockNews.com raised shares of Crane from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $125.00.

Crane Profile

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Crane Holdings Co, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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