Macquarie Group Ltd. Sells 950 Shares of Crane Holdings, Co. (NYSE:CR)

Macquarie Group Ltd. reduced its position in shares of Crane Holdings, Co. (NYSE:CR – Get Rating) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,099 shares of the conglomerate’s stock after selling 950 shares during the quarter. Macquarie Group Ltd.’s holdings in Crane were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Crane by 9.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,643 shares of the conglomerate’s stock valued at $582,000 after acquiring an additional 569 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Crane by 3.2% in the 3rd quarter. Foundry Partners LLC now owns 50,451 shares of the conglomerate’s stock valued at $4,416,000 after acquiring an additional 1,559 shares during the last quarter. Interval Partners LP increased its stake in shares of Crane by 6.5% in the 3rd quarter. Interval Partners LP now owns 122,527 shares of the conglomerate’s stock valued at $10,726,000 after acquiring an additional 7,450 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Crane by 57.4% in the 3rd quarter. Shell Asset Management Co. now owns 10,771 shares of the conglomerate’s stock valued at $943,000 after purchasing an additional 3,927 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of Crane by 42.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 135,522 shares of the conglomerate’s stock valued at $11,865,000 after purchasing an additional 40,686 shares during the period. 70.83% of the stock is owned by institutional investors.

Insider Activity at Crane

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 value of $5,923,150.92. Following the transaction, the vice president now directly owns 25,174 shares in the company, valued at approximately $3,017,859.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Kurt F. Gallo sold 8,263 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $119.03, for a total transaction of $983,544.89. Following the completion of the sale, the senior vice president now directly owns 289 shares in the company, valued at approximately $34,399.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edward S. Switter sold 49,409 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $119.88, for a total value of $5,923,150.92. Following the completion of the sale, the vice president now owns 25,174 shares of the company’s stock, valued at approximately $3,017,859.12. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CR has been the subject of several research analyst reports. Morgan Stanley upgraded Crane from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $116.00 to $129.00 in a research report on Monday, December 12th. StockNews.com initiated coverage on Crane in a research report on Friday. They issued a “buy” rating for the company. Finally, DA Davidson boosted their price objective on Crane from $130.00 to $140.00 in a research report on Wednesday, January 25th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Crane presently has a consensus rating of “Buy” and a consensus target price of $128.75.

Crane Stock Down 5.8 %

Shares of NYSE CR opened at $110.64 on Friday. The stock’s fifty day moving average is $114.41 and its 200 day moving average is $103.85. The stock has a market capitalization of $6.24 billion, a P/E ratio of 14.65, a PEG ratio of 1.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane Holdings, Co. has a 52 week low of $82.14 and a 52 week high of $123.78.

Crane (NYSE:CR – Get Rating) last issued its earnings results on Monday, January 23rd. The conglomerate reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. The business had revenue of $824.10 million during the quarter, compared to the consensus estimate of $819.89 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. Sell-side analysts forecast that Crane Holdings, Co. will post 8.08 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.70%. Crane’s payout ratio is 24.90%.

Crane Profile

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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.