1 week Ago By Defense World Staff
Pictet Asset Management Holding SA raised its position in Crane (NYSE:CR – Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,020 shares of the conglomerate’s stock after purchasing an additional 635 shares during the period.
Pictet Asset Management Holding SA’s holdings in Crane were worth $1,065,000 as of its most recent filing with the SEC. Several other large investors also recently modified their holdings of CR. Norges Bank bought a new stake in Crane in the 4th quarter worth about $144,961,000.
Wealthfront Advisers LLC bought a new position in shares of Crane in the fourth quarter worth $45,127,000. Raymond James Financial Inc. bought a new stake in shares of Crane during the 4th quarter valued at $12,890,000.
Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Crane by 36.
5% in the fourth quarter. Vaughan Nelson Investment Management L.P.
now owns 132,238 shares of the conglomerate’s stock worth $20,068,000 after buying an additional 35,340 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Crane in the fourth quarter valued at approximately $4,675,000. 75.
14% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at CraneIn related news, VP Alejandro Alcala sold 2,293 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $170.
96, for a total value of $392,011.28. Following the sale, the vice president now directly owns 32,963 shares in the company, valued at approximately $5,635,354.
48. The trade was a 6.50 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.12% of the company’s stock.
Analyst Ratings ChangesSeveral research analysts have recently weighed in on CR shares. StockNews.com cut shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.
UBS Group boosted their price objective on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd.
DA Davidson reaffirmed a “buy” rating and issued a $200.00 target price on shares of Crane in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Crane from $176.
00 to $170.00 and set a “hold” rating for the company in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.
According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.80.View Our Latest Analysis on CRCrane Price PerformanceShares of CR stock opened at $137.
09 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.
88 and a current ratio of 1.18. Crane has a fifty-two week low of $128.
50 and a fifty-two week high of $188.52. The firm has a market cap of $7.
87 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.93 and a beta of 1.
31. The business’s 50 day moving average price is $161.22 and its 200-day moving average price is $162.
00. Crane (NYSE:CR – Get Free Report) last announced its earnings results on Monday, January 27th. The conglomerate reported $1.
26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07.
Crane had a net margin of 13.10% and a return on equity of 24.45%.
During the same quarter last year, the business posted $0.90 EPS. On average, equities research analysts anticipate that Crane will post 7.
87 earnings per share for the current year. Crane Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.
23 per share. This is a positive change from Crane’s previous quarterly dividend of $0.21.
This represents a $0.92 dividend on an annualized basis and a yield of 0.67%.
The ex-dividend date of this dividend was Friday, February 28th. Crane’s dividend payout ratio (DPR) is 18.18%.
Crane Company Profile (Free Report)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.Read MoreFive stocks we like better than CraneDividend Capture Strategy: What You Need to KnowNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?Are Penny Stocks a Good Fit for Your Portfolio?Disney 2025 Shareholders: Major Updates for InvestorsSpecial Purpose Acquisition Company (SPAC) What You Need to Know Advance Auto Parts Stock: A Classic Rebound Play in the Making.
