FourThought Financial LLC Raises Holdings in Crane Holdings, Co. (NYSE:CR)

FourThought Financial LLC increased its position in shares of Crane Holdings, Co. (NYSE:CR – Get Rating) by 25.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,195 shares of the conglomerate’s stock after purchasing an additional 1,043 shares during the quarter. FourThought Financial LLC’s holdings in Crane were worth $455,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Crane by 1.3% during 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. LSV Asset Management boosted its stake in Crane by 0.6% during the third quarter. LSV Asset Management now owns 1,629,882 shares of the conglomerate’s stock worth $142,680,000 after buying an additional 10,127 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Crane by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,491,577 shares of the conglomerate’s stock worth $161,508,000 after buying an additional 12,017 shares during the last quarter. State Street Corp boosted its stake in Crane by 3.9% during the first quarter. State Street Corp now owns 1,382,235 shares of the conglomerate’s stock worth $149,668,000 after buying an additional 51,792 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Crane by 1.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,338,406 shares of the conglomerate’s stock worth $117,164,000 after buying an additional 24,930 shares during the last quarter. 70.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on CR shares. StockNews.com started coverage on Crane in a research note on Friday, March 10th. They set a “buy” rating on the stock. Morgan Stanley raised Crane from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $116.00 to $129.00 in a research note on Monday, December 12th. Finally, DA Davidson upped their price target on Crane from $130.00 to $140.00 in a research note on Wednesday, January 25th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $128.75.

Crane Price Performance

CR opened at $111.89 on Friday. The stock’s 50-day moving average price is $115.12 and its 200 day moving average price is $104.12. Crane Holdings, Co. has a 12-month low of $82.14 and a 12-month high of $123.78. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.52 and a beta of 1.50.

Crane (NYSE:CR – Get Rating) last posted its earnings results on Monday, January 23rd. The conglomerate reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.23. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $824.10 million for the quarter, compared to analyst estimates of $819.89 million. During the same quarter in the prior year, the company earned $1.25 EPS. Crane’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Crane Holdings, Co. will post 7.84 earnings per share for the current year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 28th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, February 27th. Crane’s payout ratio is 24.90%.

Crane 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.