Crane Holdings, Co. (NYSE:CR) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in Crane Holdings, Co. (NYSE:CRGet Rating) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 117,600 shares of the conglomerate’s stock after purchasing an additional 6,500 shares during the period. Swiss National Bank owned about 0.21% of Crane worth $10,297,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CR. SeaCrest Wealth Management LLC acquired a new position in shares of Crane in the second quarter worth $83,000. Foster & Motley Inc. grew its stake in shares of Crane by 23.4% in the second quarter. Foster & Motley Inc. now owns 4,966 shares of the conglomerate’s stock worth $435,000 after acquiring an additional 943 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of Crane by 34.2% in the second quarter. Eqis Capital Management Inc. now owns 6,677 shares of the conglomerate’s stock worth $585,000 after acquiring an additional 1,703 shares in the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Crane by 11.5% in the second quarter. Stanley Laman Group Ltd. now owns 26,415 shares of the conglomerate’s stock worth $2,313,000 after acquiring an additional 2,734 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Crane by 5.8% in the second quarter. Advisors Asset Management Inc. now owns 13,426 shares of the conglomerate’s stock worth $1,176,000 after acquiring an additional 735 shares in the last quarter. Institutional investors and hedge funds own 69.62% of the company’s stock.

Insider Activity at Crane

In related news, SVP Alejandro Alcala sold 25,649 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 22,177 shares of the company’s stock, valued at $2,314,835.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Alejandro Alcala sold 25,649 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 22,177 shares of the company’s stock, valued at $2,314,835.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard A. Maue sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total transaction of $1,017,800.00. Following the completion of the sale, the chief financial officer now directly owns 77,420 shares of the company’s stock, valued at $7,879,807.60. The disclosure for this sale can be found here. Insiders sold a total of 158,659 shares of company stock valued at $16,536,755 over the last ninety days. Insiders own 2.40% of the company’s stock.

Crane Price Performance

Shares of CR opened at $104.79 on Monday. Crane Holdings, Co. has a 1-year low of $82.14 and a 1-year high of $114.87. The stock has a market cap of $5.88 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.38 and a quick ratio of 0.97. The firm has a fifty day moving average price of $96.47 and a 200 day moving average price of $94.87.

Crane (NYSE:CRGet Rating) last announced its quarterly earnings results on Monday, October 24th. The conglomerate reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Crane had a net margin of 12.25% and a return on equity of 22.03%. The firm had revenue of $815.00 million during the quarter, compared to analysts’ expectations of $816.62 million. During the same period in the previous year, the company earned $1.89 earnings per share. Crane’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crane Holdings, Co. will post 7.65 EPS for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be given a $0.47 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.79%. Crane’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

A number of equities analysts recently commented on CR shares. StockNews.com downgraded shares of Crane from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 26th. Stifel Nicolaus lowered their target price on shares of Crane from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, October 11th. UBS Group lowered their target price on shares of Crane from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, TheStreet upgraded shares of Crane from a “c+” rating to a “b-” rating in a research note on Thursday, November 10th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

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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