Millburn Ridgefield Corp bought a new position in shares of Crane (NYSE:CR – Free Report) in the third quarter, HoldingsChannel reports. The firm bought 285 shares of the conglomerate’s stock, valued at approximately $45,000.
A number of other large investors have also modified their holdings of the business. Matrix Trust Co acquired a new stake in Crane during the 3rd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in Crane during the 3rd quarter valued at $28,000. ORG Wealth Partners LLC acquired a new stake in Crane during the 3rd quarter valued at $30,000. ORG Partners LLC acquired a new stake in Crane during the 2nd quarter valued at $31,000. Finally, UMB Bank n.a. grew its holdings in Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.
Crane Price Performance
Shares of Crane stock opened at $177.88 on Thursday. Crane has a twelve month low of $102.80 and a twelve month high of $188.52. The stock has a market capitalization of $10.18 billion, a P/E ratio of 39.18, a PEG ratio of 1.93 and a beta of 0.93. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $165.95 and its 200 day moving average price is $154.58.
Crane Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio (DPR) is presently 18.06%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CR. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $167.00.
Get Our Latest Research Report on Crane
About Crane
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.
Featured Stories
- Five stocks we like better than Crane
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Tesla Poised to Hit Record Highs This Holiday Season
- NYSE Stocks Give Investors a Variety of Quality Options
- The Salesforce Rally is Just Getting Started: Here’s Why
- How to Choose Top Rated Stocks
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane (NYSE:CR – Free Report).
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.