Crane (NYSE:CR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its stake in Crane (NYSE:CR) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,810 shares of the conglomerate’s stock after selling 403 shares during the period. Atria Wealth Solutions Inc.’s holdings in Crane were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CR. Fifth Third Bancorp lifted its position in shares of Crane by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 341 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 99 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Crane by 0.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 66,664 shares of the conglomerate’s stock worth $7,876,000 after buying an additional 620 shares in the last quarter. Venture Visionary Partners LLC boosted its position in Crane by 3.0% in the 4th quarter. Venture Visionary Partners LLC now owns 27,491 shares of the conglomerate’s stock valued at $3,248,000 after buying an additional 809 shares during the period. Federated Hermes Inc. grew its stake in shares of Crane by 17.4% in the fourth quarter. Federated Hermes Inc. now owns 5,460 shares of the conglomerate’s stock worth $645,000 after acquiring an additional 809 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Crane by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 68,224 shares of the conglomerate’s stock worth $8,060,000 after acquiring an additional 978 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Price Performance

CR stock opened at $142.90 on Friday. The business has a 50 day moving average price of $132.86 and a 200 day moving average price of $117.86. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.93 and a beta of 1.49. Crane has a fifty-two week low of $67.28 and a fifty-two week high of $146.29.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, April 22nd. The conglomerate reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $565.30 million during the quarter, compared to the consensus estimate of $546.39 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 30th. Crane’s payout ratio is currently 21.98%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CR shares. StockNews.com upgraded Crane from a “hold” rating to a “buy” rating in a report on Saturday, April 27th. Bank of America lifted their price objective on Crane from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Vertical Research raised Crane from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus raised their target price on shares of Crane from $150.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, DA Davidson boosted their price target on shares of Crane from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crane presently has an average rating of “Moderate Buy” and a consensus target price of $137.00.

Crane Company Profile

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.