First Trust Advisors LP Boosts Stock Holdings in Crane $CR

First Trust Advisors LP grew its position in Crane (NYSE:CRFree Report) by 98.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,045 shares of the conglomerate’s stock after purchasing an additional 100,157 shares during the period. First Trust Advisors LP’s holdings in Crane were worth $34,550,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Crane by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock worth $144,622,000 after purchasing an additional 3,678 shares during the last quarter. KBC Group NV increased its stake in Crane by 21.6% in the 1st quarter. KBC Group NV now owns 1,589 shares of the conglomerate’s stock valued at $272,000 after buying an additional 282 shares during the last quarter. Swiss National Bank increased its stake in Crane by 0.3% in the 1st quarter. Swiss National Bank now owns 96,800 shares of the conglomerate’s stock valued at $16,553,000 after buying an additional 300 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Crane by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 92,631 shares of the conglomerate’s stock worth $15,840,000 after buying an additional 1,361 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Crane by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 202,863 shares of the conglomerate’s stock worth $34,689,000 after buying an additional 8,299 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Crane Stock Performance

Shares of CR opened at $226.62 on Tuesday. The firm has a market cap of $13.09 billion, a PE ratio of 30.02, a PEG ratio of 1.93 and a beta of 1.01. The stock’s fifty day moving average price is $205.58 and its two-hundred day moving average price is $194.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 1 year low of $159.58 and a 1 year high of $230.50.

Crane (NYSE:CRGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.21. The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities research analysts forecast that Crane will post 7.87 EPS for the current year.

Insiders Place Their Bets

In other Crane news, Director Susan D. Lynch acquired 150 shares of Crane stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the purchase, the director owned 370 shares of the company’s stock, valued at approximately $65,630.60. This represents a 68.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CR shares. Stifel Nicolaus upped their target price on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. BMO Capital Markets assumed coverage on Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. Finally, Weiss Ratings cut Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Crane has an average rating of “Buy” and an average target price of $234.00.

Read Our Latest Stock Analysis on CR

Crane Profile

(Free Report)

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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Institutional Ownership by Quarter for Crane (NYSE:CR)

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