Oregon Public Employees Retirement Fund Has $1.22 Million Stock Holdings in Crane Holdings, Co. (NYSE:CR)

Oregon Public Employees Retirement Fund lessened its holdings in shares of Crane Holdings, Co. (NYSE:CR – Get Rating) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 13,942 shares of the conglomerate’s stock after selling 792 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Crane were worth $1,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CR. Millennium Management LLC grew its holdings in Crane by 2,775.6% during the 2nd quarter. Millennium Management LLC now owns 220,791 shares of the conglomerate’s stock worth $19,332,000 after acquiring an additional 213,113 shares during the period. Walleye Capital LLC boosted its position in shares of Crane by 281.4% during the first quarter. Walleye Capital LLC now owns 190,698 shares of the conglomerate’s stock worth $20,649,000 after purchasing an additional 140,703 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Crane by 56.0% during the second quarter. AQR Capital Management LLC now owns 273,791 shares of the conglomerate’s stock worth $23,179,000 after purchasing an additional 98,333 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Crane by 624.8% during the second quarter. Russell Investments Group Ltd. now owns 76,446 shares of the conglomerate’s stock worth $6,672,000 after purchasing an additional 65,899 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Crane by 10.8% during the first quarter. Invesco Ltd. now owns 656,264 shares of the conglomerate’s stock worth $71,060,000 after purchasing an additional 63,832 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CR shares. StockNews.com cut shares of Crane from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 26th. Stifel Nicolaus reduced 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. TheStreet raised shares of Crane from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Finally, Morgan Stanley raised shares of Crane from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $116.00 to $129.00 in a research report on Monday, December 12th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $125.00.

Insider Buying and Selling at Crane

In other Crane news, SVP Alejandro Alcala sold 25,649 shares of Crane stock in a transaction on Monday, November 7th. The shares were sold at an average price of $104.38, for a total value of $2,677,242.62. Following the sale, the senior vice president now directly owns 22,177 shares in the company, valued at approximately $2,314,835.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Crane news, SVP Alejandro Alcala sold 25,649 shares of Crane stock in a transaction on Monday, November 7th. The shares were sold at an average price of $104.38, for a total value of $2,677,242.62. Following the sale, the senior vice president now directly owns 22,177 shares in the company, valued at approximately $2,314,835.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard A. Maue sold 5,907 shares of Crane stock in a transaction on Monday, November 7th. The shares were sold at an average price of $104.31, for a total transaction of $616,159.17. Following the completion of the sale, the chief financial officer now owns 79,147 shares in the company, valued at $8,255,823.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,409 shares of company stock worth $15,809,162. Insiders own 2.40% of the company’s stock.

Crane Trading Up 2.4 %

CR opened at $108.22 on Monday. The stock has a market capitalization of $6.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.42 and a beta of 1.51. Crane Holdings, Co. has a 12 month low of $82.14 and a 12 month high of $114.87. The firm’s fifty day simple moving average is $103.26 and its 200 day simple moving average is $98.71. The company has a current ratio of 1.38, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Crane (NYSE:CR – Get Rating) last posted its quarterly earnings data on Monday, October 24th. The conglomerate reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. Crane had a net margin of 12.25% and a return on equity of 22.03%. The business had revenue of $815.00 million for the quarter, compared to analysts’ expectations of $816.62 million. During the same period in the previous year, the firm posted $1.89 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Crane Holdings, Co. will post 7.65 EPS for the current fiscal year.

Crane Company Profile

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Crane Holdings Co engages in the management of a subsidiary, which manufacture aerospace equipment, electronics systems, and flow control systems. The company was founded on December 2, 2021 and is headquartered in Stamford, CT.