Walleye Capital LLC raised its holdings in shares of Crane (NYSE:CR – Free Report) by 244.4% in the first quarter, Holdings Channel reports. The institutional investor owned 21,085 shares of the conglomerate’s stock after buying an additional 14,962 shares during the quarter. Walleye Capital LLC’s holdings in Crane were worth $3,606,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Crane by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of 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 during the last quarter. Hsbc Holdings PLC boosted its position in shares of Crane by 92.7% during the 4th quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate’s stock valued at $21,198,000 after acquiring an additional 54,619 shares during the last quarter. Congruence Capital LLC purchased a new position in shares of Crane during the fourth quarter worth about $18,604,000. Finally, Venture Visionary Partners LLC grew its holdings in shares of Crane by 25.0% during the fourth quarter. Venture Visionary Partners LLC now owns 50,694 shares of the conglomerate’s stock worth $9,469,000 after purchasing an additional 10,136 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
Crane Stock Performance
Shares of NYSE CR opened at $218.34 on Friday. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 28.92, a P/E/G 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 1-year low of $159.58 and a 1-year high of $226.46. The stock’s 50-day moving average is $203.37 and its 200 day moving average is $194.00.
Crane Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders 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
A number of brokerages recently weighed in on CR. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Crane in a research note on Monday, June 1st. BMO Capital Markets began coverage on shares of Crane in a report on Monday. They issued an “outperform” rating and a $253.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three 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 company’s stock. Based on data from MarketBeat.com, Crane presently has a consensus rating of “Buy” and an average price target of $234.00.
Check Out Our Latest Analysis on CR
Insider Activity
In other Crane news, Director Susan D. Lynch bought 150 shares of Crane stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $177.38 per share, with a total value of $26,607.00. Following the acquisition, the director owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.12% of the company’s stock.
Crane Company 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.
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