AQR Capital Management LLC Sells 113,370 Shares of Crane (NYSE:CR)

AQR Capital Management LLC lessened its holdings in Crane (NYSE:CR - Free Report) by 67.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,512 shares of the conglomerate's stock after selling 113,370 shares during the period. AQR Capital Management LLC owned 0.09% of Crane worth $8,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank lifted its position in shares of Crane by 487.8% in the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock worth $37,000 after buying an additional 200 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Crane by 69.1% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate's stock worth $56,000 after acquiring an additional 152 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Crane during the 3rd quarter valued at approximately $86,000. Jones Financial Companies Lllp grew its holdings in shares of Crane by 17.8% in the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock valued at $89,000 after purchasing an additional 88 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Crane during the fourth quarter valued at $101,000. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CR has been the topic of several recent research reports. StockNews.com cut shares of Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stifel Nicolaus upped their price objective on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, April 30th. UBS Group upgraded Crane from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $157.00 to $190.00 in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft set a $186.00 price target on Crane and gave the company a "buy" rating in a report on Monday, April 14th. Finally, DA Davidson reaffirmed a "buy" rating and set a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Crane has an average rating of "Moderate Buy" and an average price target of $178.20.

Crane Trading Down 0.1 %

Crane stock traded down $0.18 during mid-day trading on Friday, hitting $169.59. The company's stock had a trading volume of 163,818 shares, compared to its average volume of 266,979. Crane has a one year low of $127.04 and a one year high of $188.52. The stock has a market cap of $9.75 billion, a PE ratio of 22.46, a P/E/G ratio of 1.93 and a beta of 1.28. The company has a 50 day moving average of $151.35 and a 200-day moving average of $160.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

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

Crane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 30th. Crane's payout ratio is 15.94%.

Crane 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.