Crane Holdings, Co. (NYSE:CR) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 5.9% during the second quarter, HoldingsChannel reports. The fund owned 117,600 shares of the conglomerate’s stock after acquiring an additional 6,500 shares during the quarter. Swiss National Bank’s holdings in Crane were worth $10,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC grew its position in Crane by 7.8% during the second quarter. Wedge Capital Management L L P NC now owns 159,880 shares of the conglomerate’s stock worth $13,999,000 after buying an additional 11,636 shares during the period. M&T Bank Corp grew its position in Crane by 13.6% during the second quarter. M&T Bank Corp now owns 14,126 shares of the conglomerate’s stock worth $1,212,000 after buying an additional 1,692 shares during the period. Treasurer of the State of North Carolina grew its position in Crane by 22.0% during the second quarter. Treasurer of the State of North Carolina now owns 25,051 shares of the conglomerate’s stock worth $2,193,000 after buying an additional 4,520 shares during the period. US Bancorp DE grew its position in Crane by 19.8% during the second quarter. US Bancorp DE now owns 10,691 shares of the conglomerate’s stock worth $937,000 after buying an additional 1,765 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Crane by 33.9% during the second quarter. Avantax Advisory Services Inc. now owns 4,426 shares of the conglomerate’s stock worth $388,000 after buying an additional 1,121 shares during the period. 69.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crane news, CEO Max H. Mitchell sold 117,103 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $104.40, for a total transaction of $12,225,553.20. Following the transaction, the chief executive officer now owns 347,460 shares of the company’s stock, valued at $36,274,824. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Crane news, CEO Max H. Mitchell sold 117,103 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $104.40, for a total transaction of $12,225,553.20. Following the transaction, the chief executive officer now owns 347,460 shares of the company’s stock, valued at $36,274,824. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alejandro Alcala sold 25,649 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $104.38, for a total transaction of $2,677,242.62. Following the transaction, the senior vice president now directly owns 22,177 shares in the company, valued at approximately $2,314,835.26. The disclosure for this sale can be found here. Insiders have sold a total of 158,659 shares of company stock valued at $16,536,755 over the last quarter. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com lowered shares of Crane from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 26th. 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 research report on Thursday, July 28th. TheStreet upgraded shares of Crane from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Finally, Stifel Nicolaus lowered their price target on shares of Crane from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crane presently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

Crane Stock Performance

Shares of CR opened at $104.79 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.38. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.46 and a beta of 1.53. The company’s 50 day simple moving average is $96.47 and its 200 day simple moving average is $94.87. Crane Holdings, Co. has a 1 year low of $82.14 and a 1 year high of $114.87.

Crane (NYSE:CRGet Rating) last announced its quarterly earnings data on Monday, October 24th. The conglomerate reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.01. The business had revenue of $815.00 million for the quarter, compared to the consensus estimate of $816.62 million. Crane had a net margin of 12.25% and a return on equity of 22.03%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. On average, sell-side analysts predict that Crane Holdings, Co. will post 7.65 EPS for the current year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, November 29th. Crane’s payout ratio is 27.25%.

Crane Company Profile

(Get Rating)

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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