State of Alaska Department of Revenue Purchases 2,053 Shares of Crane Holdings, Co. (NYSE:CR)

State of Alaska Department of Revenue increased its position in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,570 shares of the conglomerate’s stock after buying an additional 2,053 shares during the period. State of Alaska Department of Revenue owned 0.11% of Crane worth $5,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CR. Clark Capital Management Group Inc. grew its holdings in Crane by 2,532.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 250,665 shares of the conglomerate’s stock worth $25,500,000 after purchasing an additional 241,144 shares during the period. Walleye Capital LLC grew its holdings in 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 purchasing an additional 140,703 shares during the period. Pacer Advisors Inc. grew its holdings in Crane by 1,548.2% in the first quarter. Pacer Advisors Inc. now owns 85,046 shares of the conglomerate’s stock worth $9,209,000 after purchasing an additional 79,886 shares during the period. Invesco Ltd. grew its holdings in 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 purchasing an additional 63,832 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Crane by 17.3% during the fourth quarter. Schroder Investment Management Group now owns 387,036 shares of the conglomerate’s stock valued at $39,373,000 after buying an additional 57,103 shares during the last quarter. Institutional investors own 69.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Crane from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 27th. UBS Group reduced their price objective on shares of Crane from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, July 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $125.00.

Insiders Place Their Bets

In other news, CFO Richard A. Maue sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total value of $1,017,800.00. Following the sale, the chief financial officer now owns 77,420 shares of the company’s stock, valued at $7,879,807.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Richard A. Maue sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total value of $1,017,800.00. Following the sale, the chief financial officer now owns 77,420 shares of the company’s stock, valued at $7,879,807.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alejandro Alcala sold 21,863 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $104.13, for a total transaction of $2,276,594.19. Following the completion of the sale, the senior vice president now directly owns 22,177 shares in the company, valued at approximately $2,309,291.01. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Crane Stock Performance

Shares of CR stock opened at $90.35 on Wednesday. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 1.24 and a beta of 1.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 2.04. Crane Holdings, Co. has a 52 week low of $82.14 and a 52 week high of $114.87. The firm’s 50-day simple moving average is $96.91 and its two-hundred day simple moving average is $97.27.

Crane (NYSE:CRGet Rating) last announced its quarterly earnings data on Monday, July 25th. The conglomerate reported $1.90 EPS for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $864.30 million for the quarter, compared to analyst estimates of $821.76 million. Crane had a net margin of 17.56% and a return on equity of 22.10%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, equities analysts forecast that Crane Holdings, Co. will post 7.68 earnings per share for the current year.

Crane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Tuesday, August 30th. Crane’s dividend payout ratio is 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.

Recommended Stories

Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane Holdings, Co. (NYSE:CRGet Rating).

Institutional Ownership by Quarter for Crane (NYSE:CR)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.