Oregon Public Employees Retirement Fund Has $1.22 Million Stake in Crane Holdings, Co. (NYSE:CR)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,942 shares of the conglomerate’s stock after selling 792 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Crane were worth $1,220,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in Crane by 2,775.6% during the second quarter. Millennium Management LLC now owns 220,791 shares of the conglomerate’s stock valued at $19,332,000 after acquiring an additional 213,113 shares during the period. Walleye Capital LLC boosted its holdings in Crane by 281.4% during the first quarter. Walleye Capital LLC now owns 190,698 shares of the conglomerate’s stock valued at $20,649,000 after acquiring an additional 140,703 shares during the period. AQR Capital Management LLC boosted its holdings in Crane by 56.0% during the second quarter. AQR Capital Management LLC now owns 273,791 shares of the conglomerate’s stock valued at $23,179,000 after acquiring an additional 98,333 shares during the period. Russell Investments Group Ltd. boosted its holdings in Crane by 624.8% during the second quarter. Russell Investments Group Ltd. now owns 76,446 shares of the conglomerate’s stock valued at $6,672,000 after acquiring an additional 65,899 shares during the period. Finally, Invesco Ltd. boosted its holdings in Crane by 10.8% during the first quarter. Invesco Ltd. now owns 656,264 shares of the conglomerate’s stock valued at $71,060,000 after acquiring an additional 63,832 shares during the period. 70.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CR. TheStreet upgraded shares of Crane from a “c+” rating to a “b-” rating in a report on Thursday, November 10th. StockNews.com cut shares of Crane from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 26th. Stifel Nicolaus reduced 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. Finally, Morgan Stanley upgraded shares of Crane from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $116.00 to $129.00 in a research note on Monday, December 12th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $125.00.

Crane Stock Up 2.4 %

Shares of CR opened at $108.22 on Monday. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.42 and a beta of 1.51. The company has a quick ratio of 0.97, a current ratio of 1.38 and a debt-to-equity ratio of 0.49. Crane Holdings, Co. has a 12 month low of $82.14 and a 12 month high of $114.87. The company has a 50-day moving average price of $103.26 and a two-hundred day moving average price of $98.71.

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

Insiders Place Their Bets

In other Crane news, CFO Richard A. Maue sold 5,907 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $104.31, for a total transaction of $616,159.17. Following the completion of the transaction, the chief financial officer now owns 79,147 shares in the company, valued at $8,255,823.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Kurt F. Gallo sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $105.53, for a total transaction of $290,207.50. Following the completion of the sale, the senior vice president now owns 25,845 shares of the company’s stock, valued at $2,727,422.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard A. Maue sold 5,907 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $104.31, for a total transaction of $616,159.17. Following the sale, the chief financial officer now directly owns 79,147 shares of the company’s stock, valued at approximately $8,255,823.57. The disclosure for this sale can be found here. Insiders sold a total of 151,409 shares of company stock worth $15,809,162 over the last quarter. Company insiders own 2.40% of the company’s stock.

About Crane

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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.

Further Reading

Institutional Ownership by Quarter for Crane (NYSE:CR)

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