State of New Jersey Common Pension Fund D Has $2.73 Million Holdings in Crane Holdings, Co. (NYSE:CR)

State of New Jersey Common Pension Fund D lessened its position in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 7.0% in the first quarter, HoldingsChannel.com reports. The firm owned 25,174 shares of the conglomerate’s stock after selling 1,908 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Crane were worth $2,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Crane by 3.0% during the 4th quarter. State Street Corp now owns 1,330,443 shares of the conglomerate’s stock worth $135,346,000 after buying an additional 38,315 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Crane by 3.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,253,166 shares of the conglomerate’s stock worth $127,484,000 after buying an additional 38,046 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Crane by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 628,579 shares of the conglomerate’s stock worth $63,943,000 after purchasing an additional 11,193 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Crane by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 626,880 shares of the conglomerate’s stock worth $63,772,000 after purchasing an additional 21,703 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Crane by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,875 shares of the conglomerate’s stock worth $52,887,000 after purchasing an additional 3,414 shares in the last quarter. Institutional investors and hedge funds own 73.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CR shares. UBS Group cut their target price on Crane from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus dropped their price objective on Crane from $137.00 to $134.00 in a research note on Monday, April 18th. Finally, StockNews.com upgraded Crane from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Crane has an average rating of “Buy” and an average target price of $124.60.

Crane Trading Up 2.6 %

NYSE CR opened at $98.93 on Friday. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.34 and a beta of 1.58. Crane Holdings, Co. has a one year low of $82.14 and a one year high of $114.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.48. The business’s fifty day moving average is $91.05 and its 200-day moving average is $98.35.

Crane (NYSE:CRGet Rating) last released its earnings results on Monday, July 25th. The conglomerate reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $864.30 million for the quarter, compared to analysts’ expectations of $821.76 million. Crane had a return on equity of 22.03% and a net margin of 17.56%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 EPS. Equities research analysts predict that Crane Holdings, Co. will post 7.75 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, August 30th. Crane’s dividend payout ratio (DPR) is currently 18.95%.

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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