Top investors say Crane Holdings Co. (CR) ticks everything they need

Crane Holdings Co. (NYSE: CR) stock jumped 4.85% on Tuesday to $115.50 against a previous-day closing price of $110.16. With 0.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $116.11 whereas the lowest price it dropped to was $105.45. The 52-week range on CR shows that it touched its highest point at $114.87 and its lowest point at $82.14 during that stretch. It currently has a 1-year price target of $126.00. With its current market cap of 6.33 billion, CR has annualized dividend of $1.88 while the current yield stands at 1.63%. Beta for the stock currently stands at 1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CR was up-trending over the past week, with a rise of 6.55%, but this was up by 15.43% over a month. Three-month performance surged to 16.14% while six-month performance rose 21.93%. The stock gained 15.98% in the past year, while it has gained 14.98% so far this year. A look at the trailing 12-month EPS for CR yields 6.28 with Next year EPS estimates of 8.11. For the next quarter, that number is 1.90. This implies an EPS growth rate of 140.10% for this year and 5.90% for next year. EPS is expected to grow by 9.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.30%.

Float and Shares Shorts:

At present, 56.10 million CR shares are outstanding with a float of 47.85 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.73 million, which was 1.30% higher than short shares on Sep 14, 2022. In addition to Mr. Max H. Mitchell as the firm’s Pres, CEO & Director, Mr. Richard A. Maue CPA serves as its Sr. VP & CFO.


Institutional Ownership:

Through their ownership of 70.57% of CR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.49% of CR, in contrast to 24.96% held by mutual funds. Shares owned by individuals account for 0.89%. As the largest shareholder in CR with 7.86% of the stake, The Vanguard Group, Inc. holds 4,414,405 shares worth 4,414,405. A second-largest stockholder of CR, Fidelity Management & Research Co, holds 4,405,322 shares, controlling over 7.85% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CR, holding 3,566,309 shares or 6.35% stake. With a 2.62% stake in CR, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 1,472,325 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.58% of CR stock, is the second-largest Mutual Fund holder. It holds 1,449,337 shares valued at 145.59 million. Vanguard Small Cap Index Fund holds 2.19% of the stake in CR, owning 1,229,720 shares worth 123.53 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CR since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CR analysts setting a high price target of $130.00 and a low target of $121.00, the average target price over the next 12 months is $126.00. Based on these targets, CR could surge 12.55% to reach the target high and rise by 4.76% to reach the target low. Reaching the average price target will result in a growth of 9.09% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CR will report FY 2023 earnings on 01/23/2024. Analysts have provided yearly estimates in a range of $8.40 being high and $7.80 being low. For CR, this leads to a yearly average estimate of $8.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Crane Holdings Co. surprised analysts by $0.23 when it reported $2.13 EPS against a consensus estimate of $1.90. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $2.12 and the low estimate is $2.04. The average estimate for the next quarter is thus $2.07.

Summary of Insider Activity:

Insiders traded CR stock several times over the past three months with 5 Buys and 7 Sells. In these transactions, 170,073 shares were bought while 176,267 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 253,006 while 255,056 shares were sold.

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