Trexquant Investment LP Has $3.33 Million Holdings in Crane $CR

Key Points

• Trexquant Investment LP significantly increased its position in Crane stock by 1,285.3%, owning 21,721 shares valued at approximately $3.3 million after purchasing 20,153 shares in the first quarter.
• Crane reported earnings of $1.49 per share for the last quarter, exceeding analyst expectations of $1.34, along with a 9.2% year-over-year revenue increase to $577.2 million.
• The stock price of Crane has seen a slight decline of 1.1%, currently trading at $183.18, with an average target price among analysts set at $222.20.

Trexquant Investment LP boosted its stake in shares of Crane (NYSE:CR - Free Report) by 1,285.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,721 shares of the conglomerate's stock after acquiring an additional 20,153 shares during the quarter. Trexquant Investment LP's holdings in Crane were worth $3,327,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in Crane by 104.8% during the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock worth $39,000 after acquiring an additional 131 shares during the last quarter. Westpac Banking Corp bought a new stake in Crane during the 1st quarter worth about $76,000. Fifth Third Bancorp boosted its stake in shares of Crane by 31.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate's stock valued at $87,000 after purchasing an additional 136 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Crane by 84.7% in the 1st quarter. UMB Bank n.a. now owns 687 shares of the conglomerate's stock valued at $105,000 after purchasing an additional 315 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Crane in the 1st quarter valued at about $105,000. Institutional investors own 75.14% of the company's stock.

Crane Trading Down 0.6%

Crane stock traded down $1.06 during midday trading on Friday, hitting $184.03. 232,921 shares of the stock were exchanged, compared to its average volume of 311,451. The company has a fifty day simple moving average of $190.82 and a two-hundred day simple moving average of $172.18. Crane has a 52 week low of $127.04 and a 52 week high of $203.89. The stock has a market capitalization of $10.59 billion, a PE ratio of 24.38, a P/E/G ratio of 1.93 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.15. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $577.20 million for the quarter, compared to analyst estimates of $567.70 million. During the same quarter last year, the firm earned $1.20 EPS. Crane's quarterly revenue was up 9.2% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The business 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 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Crane's dividend payout ratio (DPR) is 15.31%.

Insider Activity

In other news, VP Alejandro Alcala sold 20,791 shares of Crane stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $192.74, for a total value of $4,007,257.34. Following the sale, the vice president directly owned 33,526 shares in the company, valued at $6,461,801.24. This trade represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

CR has been the topic of several recent research reports. 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 research note 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 research note on Wednesday, July 30th. UBS Group reaffirmed a "buy" rating and issued a $230.00 target price (up previously from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Bank of America raised their target price on shares of Crane from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, 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 research note on Tuesday, June 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Crane has an average rating of "Moderate Buy" and a consensus price target of $222.20.

Crane Company 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.