Bellecapital International Ltd. decreased its position in shares of Crane (NYSE:CR - Free Report) by 41.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,506 shares of the conglomerate's stock after selling 1,789 shares during the quarter. Bellecapital International Ltd.'s holdings in Crane were worth $384,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in Crane in the 4th quarter worth about $5,532,000. Aviva PLC bought a new position in Crane in the 4th quarter worth about $538,000. Raymond James Financial Inc. purchased a new stake in shares of Crane in the 4th quarter valued at about $12,890,000. Rhumbline Advisers raised its holdings in shares of Crane by 2.2% in the 4th quarter. Rhumbline Advisers now owns 135,191 shares of the conglomerate's stock valued at $20,515,000 after acquiring an additional 2,953 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Crane by 2.7% during the fourth quarter. American Century Companies Inc. now owns 323,272 shares of the conglomerate's stock worth $49,057,000 after purchasing an additional 8,552 shares in the last quarter. Institutional investors own 75.14% of the company's stock.
Insiders Place Their Bets
In other Crane news, SVP Jason D. Feldman sold 1,300 shares of Crane stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $177.10, for a total value of $230,230.00. Following the sale, the senior vice president now owns 9,796 shares of the company's stock, valued at $1,734,871.60. The trade was a 11.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.12% of the company's stock.
Analyst Upgrades and Downgrades
CR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Crane from $187.00 to $226.00 and gave the stock a "buy" rating in a report on Tuesday. DA Davidson restated a "buy" rating and issued a $200.00 target price on shares of Crane in a research report on Tuesday. Wall Street Zen downgraded Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stifel Nicolaus boosted 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. Finally, UBS Group set a $215.00 price objective on Crane and gave the company a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $197.75.
Check Out Our Latest Research Report on CR
Crane Trading Up 0.0%
Shares of Crane stock traded up $0.09 during midday trading on Thursday, reaching $186.70. 302,711 shares of the company's stock traded hands, compared to its average volume of 274,591. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market cap of $10.74 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The stock has a 50 day moving average of $161.52 and a 200-day moving average of $161.66. Crane has a 12 month low of $127.04 and a 12 month high of $191.00.
Crane (NYSE:CR - Get Free Report) last announced its earnings results on Monday, April 28th. The conglomerate reported $1.39 EPS 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 the consensus estimate of $546.93 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. As a group, equities analysts expect that Crane will post 7.87 EPS for the current fiscal year.
Crane Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th were given a $0.23 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.92 annualized dividend and a yield of 0.49%. Crane's payout ratio is 15.94%.
Crane Company Profile
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Free Report)
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.
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