Algert Global LLC Has $2.14 Million Stake in Crane (NYSE:CR)

Algert Global LLC raised its position in shares of Crane (NYSE:CR - Free Report) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,087 shares of the conglomerate's stock after purchasing an additional 4,408 shares during the period. Algert Global LLC's holdings in Crane were worth $2,138,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Crane by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate's stock worth $2,371,000 after purchasing an additional 65 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Crane by 5.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate's stock valued at $221,000 after purchasing an additional 71 shares during the period. Stonegate Investment Group LLC increased its stake in Crane by 5.3% in the 4th quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate's stock worth $218,000 after acquiring an additional 72 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Crane by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate's stock worth $2,845,000 after acquiring an additional 85 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Crane by 17.8% during the 4th quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock valued at $89,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Crane Trading Up 0.3%

Shares of CR stock traded up $0.60 on Tuesday, hitting $175.95. The stock had a trading volume of 178,224 shares, compared to its average volume of 266,574. 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 firm has a market capitalization of $10.12 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.93 and a beta of 1.28. Crane has a 1 year low of $127.04 and a 1 year high of $188.52. The company's 50 day moving average price is $151.76 and its 200-day moving average price is $160.80.

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

Crane Announces Dividend

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

Analyst Ratings Changes

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

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.