Atria Wealth Solutions Inc. Has $735,000 Stock Holdings in Crane (NYSE:CR)

Atria Wealth Solutions Inc. lifted its stake in shares of Crane (NYSE:CR - Free Report) by 96.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,800 shares of the conglomerate's stock after buying an additional 2,358 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Crane were worth $735,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Capital World Investors raised its stake in Crane by 16.9% in the 4th quarter. Capital World Investors now owns 2,455,854 shares of the conglomerate's stock worth $372,676,000 after purchasing an additional 355,765 shares in the last quarter. Select Equity Group L.P. raised its stake in Crane by 25.2% in the 4th quarter. Select Equity Group L.P. now owns 754,170 shares of the conglomerate's stock worth $114,445,000 after purchasing an additional 151,717 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Crane by 23.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 679,768 shares of the conglomerate's stock valued at $104,127,000 after buying an additional 130,218 shares during the period. Artemis Investment Management LLP bought a new position in Crane in the 1st quarter valued at about $18,835,000. Finally, First Trust Advisors LP increased its holdings in Crane by 24.0% in the 4th quarter. First Trust Advisors LP now owns 597,733 shares of the conglomerate's stock valued at $90,706,000 after buying an additional 115,554 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Insiders Place Their Bets

In other Crane news, SVP Jason D. Feldman sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the sale, the senior vice president directly owned 9,796 shares of the company's stock, valued at $1,734,871.60. The trade was a 11.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by insiders.

Crane Trading Up 1.4%

Shares of Crane stock opened at $197.06 on Wednesday. The firm has a market capitalization of $11.34 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. 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 firm's 50 day moving average is $188.12 and its 200 day moving average is $169.83. Crane has a 1 year low of $127.04 and a 1 year high of $203.89.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.15. The company had revenue of $577.20 million for the quarter, compared to analyst estimates of $567.70 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm's revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. Equities research analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Crane's payout ratio is presently 15.31%.

Analyst Ratings Changes

Several research firms have commented on CR. UBS Group reissued a "buy" rating and issued a $230.00 target price (up from $215.00) on shares of Crane in a report on Wednesday, July 30th. Stifel Nicolaus raised their target price on shares of Crane from $189.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, DA Davidson raised their target price on shares of Crane from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $221.50.

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.

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