Crane Co (NYSE: CR) is 34.06% higher on its value in year-to-date trading and has touched a low of $82.57 and a high of $162.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CR stock was last observed hovering at around $155.93 in the last trading session, with the day’s gains setting it 2.45%.
Currently trading at $158.38, the stock is 6.22% and 6.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 1.57% at the moment leaves the stock 19.66% off its SMA200. CR registered 75.10% gain for a year compared to 6-month gain of 29.29%.
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The stock witnessed a 2.40% loss in the last 1 month and extending the period to 3 months gives it a 6.24%, and is 2.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.94% over the week and 2.58% over the month.
Crane Co (CR) has around 7300 employees, a market worth around $9.06B and $2.21B in sales. Current P/E ratio is 38.06 and Fwd P/E is 27.05. Profit margin for the company is 10.91%. Distance from 52-week low is 91.81% and -2.44% from its 52-week high. The company has generated returns on investments over the last 12 months (14.01%).
The EPS is expected to grow by 18.71% this year.
Crane Co (CR) Top Institutional Holders
553.0 institutions hold shares in Crane Co (CR), with institutional investors hold 87.48% of the company’s shares. The shares outstanding are 56.92M, and float is at 56.69M with Short Float at 1.06%. Institutions hold 74.82% of the Float.
The top institutional shareholder in the company is FMR LLC with over 8.39 million shares valued at $515.21 million. The investor’s holdings represent 14.7163% of the CR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.65 million shares valued at $$346.74 million to account for 9.9041 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.19 million shares representing 7.3573% and valued at over $257.57 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.4633 of the shares totaling 3.11 million with a market value of $191.27 million.
Crane Co (CR) Insider Activity
The most recent transaction is an insider sale by D’Iorio Anthony M.,the company’sExec. V.P., Gen. Couns. & Sec. SEC filings show that D’Iorio Anthony M. sold 5,000 shares of the company’s common stock on Feb 29 ’24 at a price of $123.41 per share for a total of $0.62 million. Following the sale, the insider now owns 25594.0 shares.
Crane Co disclosed in a document filed with the SEC on Nov 29 ’23 that MITCHELL MAX H (President and CEO) sold a total of 4,242 shares of the company’s common stock. The trade occurred on Nov 29 ’23 and was made at $104.09 per share for $0.44 million. Following the transaction, the insider now directly holds 0.32 million shares of the CR stock.
Still, SEC filings show that on Nov 27 ’23, MITCHELL MAX H (President and CEO) disposed off 34,691 shares at an average price of $109.02 for $3.78 million. The insider now directly holds 345,170 shares of Crane Co (CR).
