Maven Securities LTD Takes $448,000 Position in Crane (NYSE:CR)

Maven Securities LTD purchased a new stake in Crane (NYSE:CR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,950 shares of the conglomerate's stock, valued at approximately $448,000.

Several other large investors have also made changes to their positions in the company. Huntington National Bank lifted its holdings in Crane by 487.8% in the 4th quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock worth $37,000 after purchasing an additional 200 shares during the last quarter. UMB Bank n.a. lifted its holdings in Crane by 69.1% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate's stock worth $56,000 after purchasing an additional 152 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Crane by 17.8% in the 4th quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock worth $89,000 after purchasing an additional 88 shares during the last quarter. AlphaQuest LLC acquired a new stake in Crane in the 4th quarter worth approximately $101,000. Finally, Quarry LP lifted its holdings in Crane by 250.6% in the 4th quarter. Quarry LP now owns 817 shares of the conglomerate's stock worth $124,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CR shares. Deutsche Bank Aktiengesellschaft set a $186.00 price target on Crane and gave the stock a "buy" rating in a report on Monday, April 14th. Stifel Nicolaus upped their price target on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. UBS Group upgraded Crane from a "neutral" rating to a "buy" rating and upped their price target for the stock from $157.00 to $190.00 in a report on Tuesday, April 29th. StockNews.com downgraded Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, DA Davidson reissued a "buy" rating and set a $200.00 target price on shares of Crane in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Crane presently has a consensus rating of "Moderate Buy" and an average price target of $178.20.

Crane Stock Performance

Shares of NYSE CR traded up $0.28 during trading hours on Monday, reaching $178.17. The stock had a trading volume of 27,832 shares, compared to its average volume of 266,088. The business's fifty day moving average is $153.56 and its two-hundred day moving average is $161.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.93 and a beta of 1.28. Crane has a twelve month low of $127.04 and a twelve month high of $188.52.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $557.60 million during the quarter, compared to analyst estimates of $546.93 million. During the same period in the prior year, the company posted $1.22 earnings per share. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts expect that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, May 30th. Crane's dividend payout ratio (DPR) is currently 15.94%.

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.