M Holdings Securities Inc. Sells 144 Shares of Crane Holdings, Co. (NYSE:CR)

M Holdings Securities Inc. reduced its position in shares of Crane Holdings, Co. (NYSE:CR – Get Rating) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,076 shares of the conglomerate’s stock after selling 144 shares during the quarter. M Holdings Securities Inc.’s holdings in Crane were worth $532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Crane by 2,775.6% in the second 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 grew its stake in shares of Crane by 281.4% in the first quarter. Walleye Capital LLC now owns 190,698 shares of the conglomerate’s stock worth $20,649,000 after acquiring an additional 140,703 shares during the period. AQR Capital Management LLC grew its stake in shares of Crane by 56.0% in the second quarter. AQR Capital Management LLC now owns 273,791 shares of the conglomerate’s stock worth $23,179,000 after acquiring an additional 98,333 shares during the period. Invesco Ltd. boosted its holdings in shares of Crane by 10.8% in the first quarter. Invesco Ltd. now owns 656,264 shares of the conglomerate’s stock worth $71,060,000 after buying an additional 63,832 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Crane by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,472,630 shares of the conglomerate’s stock worth $391,534,000 after buying an additional 56,773 shares during the last quarter. 70.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CR has been the topic of a number of research reports. DA Davidson raised their price objective on shares of Crane from $130.00 to $140.00 in a report on Wednesday, January 25th. StockNews.com initiated coverage on shares of Crane in a report on Friday, March 10th. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised shares of Crane from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $116.00 to $129.00 in a report on Monday, December 12th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Crane currently has an average rating of “Buy” and an average target price of $128.75.

Insider Activity

In other news, SVP Kurt F. Gallo sold 8,263 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $119.03, for a total transaction of $983,544.89. Following the completion of the transaction, the senior vice president now owns 289 shares in the company, valued at $34,399.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Edward S. Switter sold 49,409 shares of Crane stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $119.88, for a total value of $5,923,150.92. Following the completion of the transaction, the vice president now owns 25,174 shares in the company, valued at $3,017,859.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kurt F. Gallo sold 8,263 shares of Crane stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $119.03, for a total value of $983,544.89. Following the completion of the transaction, the senior vice president now owns 289 shares of the company’s stock, valued at approximately $34,399.67. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Crane Price Performance

Shares of NYSE:CR opened at $110.90 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane Holdings, Co. has a 1-year low of $82.14 and a 1-year high of $123.78. The company has a market capitalization of $6.26 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.48 and a beta of 1.50. The firm’s 50 day simple moving average is $114.95 and its two-hundred day simple moving average is $104.07.

Crane (NYSE:CR – Get Rating) last issued its quarterly earnings results on Monday, January 23rd. The conglomerate reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.23. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $824.10 million for the quarter, compared to the consensus estimate of $819.89 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Crane Holdings, Co. will post 8.08 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.70%. Crane’s payout ratio is 24.90%.

Crane Company Profile

(Get Rating)

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.