Aviva PLC Has $506,000 Stock Position in Crane $CR

Aviva PLC cut its stake in shares of Crane (NYSE:CR) by 31.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,664 shares of the conglomerate’s stock after selling 1,217 shares during the period. Aviva PLC’s holdings in Crane were worth $506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westpac Banking Corp bought a new position in Crane during the first quarter worth about $76,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Crane during the second quarter valued at approximately $96,000. Brooklyn Investment Group increased its stake in Crane by 35.7% in the first quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 213 shares in the last quarter. CWM LLC raised its holdings in Crane by 70.7% in the first quarter. CWM LLC now owns 920 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 381 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Crane by 39.4% during the first quarter. AlphaQuest LLC now owns 924 shares of the conglomerate’s stock worth $142,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CR. UBS Group restated a “buy” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Crane in a research report on Wednesday, July 30th. Weiss Ratings upgraded Crane from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Bank of America lifted their price objective on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Crane from $200.00 to $202.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Finally, DA Davidson set a $235.00 target price on shares of Crane in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crane has a consensus rating of “Moderate Buy” and a consensus target price of $223.60.

Insider Activity

In related news, VP Alejandro Alcala sold 20,791 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $192.74, for a total transaction of $4,007,257.34. Following the sale, the vice president owned 33,526 shares in the company, valued at approximately $6,461,801.24. This represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Crane Trading Down 2.8%

NYSE:CR opened at $185.54 on Friday. The company has a market cap of $10.69 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a twelve month low of $127.04 and a twelve month high of $203.89. The business has a 50 day moving average price of $184.64 and a two-hundred day moving average price of $183.74. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. The business had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. As a group, analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. Crane’s dividend payout ratio (DPR) is presently 14.74%.

Crane Company Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.