XTX Topco Ltd Invests $641,000 in Crane (NYSE:CR)

XTX Topco Ltd acquired a new stake in shares of Crane (NYSE:CR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,418 shares of the conglomerate’s stock, valued at approximately $641,000.

Several other large investors have also made changes to their positions in CR. Norges Bank purchased a new position in Crane during the 4th quarter valued at approximately $59,659,000. Corient Private Wealth LLC increased its position in Crane by 75.9% in the fourth quarter. Corient Private Wealth LLC now owns 19,226 shares of the conglomerate’s stock worth $2,271,000 after purchasing an additional 8,298 shares during the last quarter. Franklin Resources Inc. raised its stake in Crane by 862.6% during the fourth quarter. Franklin Resources Inc. now owns 25,172 shares of the conglomerate’s stock valued at $2,974,000 after purchasing an additional 22,557 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in Crane during the fourth quarter valued at $443,000. Finally, TD Asset Management Inc lifted its position in Crane by 17.8% during the fourth quarter. TD Asset Management Inc now owns 17,194 shares of the conglomerate’s stock valued at $2,031,000 after purchasing an additional 2,594 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Crane from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Crane from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America lifted their target price on Crane from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crane currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

Crane Stock Up 0.1 %

Shares of NYSE CR opened at $152.52 on Tuesday. Crane has a 1 year low of $82.57 and a 1 year high of $162.34. The firm has a 50-day simple moving average of $151.27 and a two-hundred day simple moving average of $144.27. The company has a market cap of $8.72 billion, a P/E ratio of 40.89, a PEG ratio of 1.93 and a beta of 0.77. 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 (NYSE:CR) last posted its quarterly earnings data on Monday, July 29th. The conglomerate reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $568.33 million. During the same quarter in the previous year, the business earned $1.10 EPS. Crane’s revenue was up 14.0% compared to the same quarter last year. Research analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 30th. Crane’s dividend payout ratio is presently 21.98%.

Crane 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.