Caxton Associates LLP Purchases Shares of 3,844 Crane $CR

Caxton Associates LLP acquired a new position in shares of Crane (NYSE:CR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,844 shares of the conglomerate’s stock, valued at approximately $657,000.

Other hedge funds have also added to or reduced their stakes in the company. TD Capital Management LLC bought a new position in shares of Crane during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in Crane in the 2nd quarter valued at about $29,000. Kelleher Financial Advisors acquired a new stake in Crane during the third quarter worth approximately $33,000. Flagship Harbor Advisors LLC bought a new position in Crane in the 4th quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Crane during the 1st quarter worth $34,000. Institutional investors own 75.14% of the company’s stock.

Crane Price Performance

CR stock opened at $226.62 on Tuesday. The firm has a 50 day moving average of $205.58 and a 200-day moving average of $194.44. The firm has a market capitalization of $13.09 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $159.58 and a 12 month high of $230.50.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $672.74 million. During the same period in the previous year, the firm earned $1.39 EPS. The business’s quarterly revenue was up 24.9% on a year-over-year basis. As a group, sell-side analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CR has been the subject of a number of recent research reports. Weiss Ratings cut Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. Stifel Nicolaus boosted their target price on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets began coverage on Crane in a report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Crane currently has a consensus rating of “Buy” and a consensus price target of $234.00.

Insider Transactions at Crane

In related news, Director Susan D. Lynch purchased 150 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $177.38 per share, with a total value of $26,607.00. Following the acquisition, the director directly owned 370 shares in the company, valued at $65,630.60. The trade was a 68.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.12% of the company’s stock.

Crane Profile

Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation.

With roots dating back to its founding in 1855 in Chicago by R.T.