The Vanguard Group, Inc. recently announced the acquisition of new stake in Crane Holdings Co. (NYSE:CR). The institutional investor has increased its shareholding in the Industrials company by 1.31% to 4.41 million shares with purchase of 57148.0 shares. This fresh investment now brings its stake to 7.86% valued currently at $443.43 million. In addition, Fidelity Management & Research Co raised its holdings by 0.56 million to 4.41 million shares. And LSV Asset Management has lifted its position by 0.63% or 10127.0 shares – to 1.63 million shares.
With over 0.26 million Crane Holdings Co. (CR) shares trading Friday and a closing price of $107.71 on the day, the dollar volume was approximately $27.68 million. The shares have shown a positive half year performance of 20.13% and its price on 01/13/23 lost nearly -0.26%. Currently, there are 56.10M common shares owned by the public and among those 47.85M shares have been available to trade.
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Insiders at the company have transacted a total of 92 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 266,514 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 261,462 shares.
The top 3 mutual fund holders in Crane Holdings Co. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 1.47 million shares of the company’s stock, all valued at over $147.9 million. The company sold 280.0 shares recently to bring their total holdings to about 2.62% of the shares outstanding. Vanguard Total Stock Market Index bought 1425.0 shares to see its total holdings expand to 1.35 million shares valued at over $135.42 million and representing 2.40% of the shares outstanding. Vanguard Small Cap Index Fund bought 1496.0 shares to bring its total holdings to over 1.16 million shares at a value of $116.47 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.07% of the shares outstanding.
Shares of Crane Holdings Co. (NYSE: CR) opened at $107.64, down -$0.35 from a prior closing price of $107.99. However, the script later moved the day high at 108.33, down -0.26%. The company’s stock has a 5-day price change of 3.30% and 12.12% over the past three months. CR shares are trading 7.23% year to date (YTD), with the 12-month market performance up to 3.38% higher. It has a 12-month low price of $82.14 and touched a high of $114.87 over the same period. CR has an average intraday trading volume of 262.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.37%, 4.87%, and 10.45% respectively.
Institutional ownership of Crane Holdings Co. (NYSE: CR) shares accounts for 71.80% of the company’s 56.10M shares outstanding. Mutual fund holders own 25.47%, while other institutional holders and individual stakeholders account for 46.02% and 0.89% respectively.
It has a market capitalization of $6.06B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 17.16, while the earnings-per-share (ttm) stands at $6.28. The company has a PEG of 1.83 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.00% over the week and 2.09% over the month.
Analysts forecast that Crane Holdings Co. (CR) will achieve an EPS of $1.91 for the current quarter, $2.09 for the next quarter and $8.16 for 2023. The lowest estimate earnings-per-share for the quarter is $1.82 while analysts give the company a high EPS estimate of $1.98. Comparatively, EPS for the current quarter was $1.25 a year ago. Earnings per share for the fiscal year are expected to increase by 140.10%, and 5.61% over the next financial year. EPS should shrink at an annualized rate of 9.40% over the next five years, compared to 26.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Crane Holdings Co. (CR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 2 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CR, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on December 12, 2022, with the firm’s price target at $116-$129. Morgan Stanley coverage for the Crane Holdings Co. (CR) stock in a research note released on December 03, 2021 offered a Equal-Weight rating with a price target of $111. BofA Securities was of a view on September 08, 2021 that the stock is Buy, while DA Davidson gave the stock Buy rating on June 15, 2021, issuing a price target of $105- $110. Vertical Research on their part issued Buy rating on January 07, 2021.
