Fieldview Capital Management LLC bought a new stake in shares of Crane (NYSE:CR – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 2,841 shares of the conglomerate’s stock, valued at approximately $524,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL raised its stake in Crane by 314.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate’s stock valued at $13,774,000 after acquiring an additional 56,768 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Crane by 44.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,787 shares of the conglomerate’s stock worth $33,843,000 after buying an additional 56,324 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Crane in the 3rd quarter worth $3,709,000. Citigroup Inc. raised its stake in shares of Crane by 23.0% in the 3rd quarter. Citigroup Inc. now owns 33,480 shares of the conglomerate’s stock worth $6,165,000 after buying an additional 6,258 shares in the last quarter. Finally, Sandhill Capital Partners LLC raised its stake in shares of Crane by 56.2% in the 3rd quarter. Sandhill Capital Partners LLC now owns 95,368 shares of the conglomerate’s stock worth $17,561,000 after buying an additional 34,296 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
Crane Stock Up 0.2%
CR opened at $207.02 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market capitalization of $11.95 billion, a PE ratio of 27.42, a P/E/G ratio of 1.93 and a beta of 1.12. The stock’s fifty day moving average is $183.83 and its 200-day moving average is $187.96. Crane has a one year low of $159.58 and a one year high of $214.31.
Crane Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Crane’s payout ratio is presently 18.35%.
Wall Street Analyst Weigh In
CR has been the topic of a number of research reports. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $215.00 in a research note on Wednesday, April 29th. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Crane in a research note on Monday, June 1st. Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $226.33.
Read Our Latest Research Report on CR
Insider Activity
In related news, Director Susan D. Lynch bought 150 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the acquisition, the director directly owned 370 shares of the company’s stock, valued at $65,630.60. The trade was a 68.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.12% of the stock is owned by insiders.
About Crane
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.
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