Pacer Advisors Inc. bought a new stake in shares of Crane (NYSE:CR – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,146 shares of the conglomerate’s stock, valued at approximately $919,000.
A number of other large investors also recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in Crane by 2,775.6% in the 2nd quarter. Millennium Management LLC now owns 220,791 shares of the conglomerate’s stock worth $19,332,000 after purchasing an additional 213,113 shares during the period. Walleye Capital LLC raised its holdings in Crane by 281.4% during the 1st quarter. Walleye Capital LLC now owns 190,698 shares of the conglomerate’s stock valued at $20,649,000 after buying an additional 140,703 shares during the last quarter. Invesco Ltd. boosted its position in Crane by 10.8% during the 1st quarter. Invesco Ltd. now owns 656,264 shares of the conglomerate’s stock valued at $71,060,000 after buying an additional 63,832 shares during the period. Vanguard Group Inc. grew its holdings in Crane by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,472,630 shares of the conglomerate’s stock worth $391,534,000 after acquiring an additional 56,773 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Crane by 48.9% in the 1st quarter. Prudential Financial Inc. now owns 161,042 shares of the conglomerate’s stock worth $17,438,000 after acquiring an additional 52,922 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
Crane Stock Performance
Crane stock opened at $71.23 on Wednesday. Crane has a fifty-two week low of $69.00 and a fifty-two week high of $83.00. The stock’s 50 day simple moving average is $98.82 and its two-hundred day simple moving average is $103.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.93 and a beta of 1.49.
Analyst Ratings Changes
Insiders Place Their Bets
In other news, VP Edward S. Switter sold 49,409 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $119.88, for a total transaction of $5,923,150.92. Following the sale, the vice president now owns 25,174 shares in the company, valued at approximately $3,017,859.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Edward S. Switter sold 49,409 shares of Crane stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $119.88, for a total transaction of $5,923,150.92. Following the completion of the transaction, the vice president now directly owns 25,174 shares in the company, valued at $3,017,859.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kurt F. Gallo sold 8,263 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $119.03, for a total value of $983,544.89. Following the completion of the sale, the senior vice president now directly owns 289 shares in the company, valued at $34,399.67. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
About Crane
Crane Holdings Co engages in the management of a subsidiary, which manufacture aerospace equipment, electronics systems, and flow control systems. The company was founded on December 2, 2021 and is headquartered in Stamford, CT.
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