Point72 Asia Singapore Pte. Ltd. Has $95,000 Holdings in Crane (NYSE:CR)

Point72 Asia Singapore Pte. Ltd. cut its stake in Crane (NYSE:CR - Free Report) by 80.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629 shares of the conglomerate's stock after selling 2,646 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Crane were worth $95,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CR. Vanguard Group Inc. boosted its stake in Crane by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,695,440 shares of the conglomerate's stock valued at $712,533,000 after buying an additional 14,373 shares in the last quarter. Capital World Investors lifted its holdings in Crane by 16.9% in the 4th quarter. Capital World Investors now owns 2,455,854 shares of the conglomerate's stock valued at $372,676,000 after acquiring an additional 355,765 shares during the last quarter. Invesco Ltd. boosted its position in shares of Crane by 10.7% during the 4th quarter. Invesco Ltd. now owns 1,425,015 shares of the conglomerate's stock valued at $216,246,000 after purchasing an additional 138,279 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Crane by 1.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 976,497 shares of the conglomerate's stock worth $148,184,000 after purchasing an additional 14,227 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Crane in the 4th quarter worth approximately $144,961,000. 75.14% of the stock is currently owned by institutional investors.

Insider Activity

In other Crane news, SVP Jason D. Feldman sold 1,300 shares of Crane stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the completion of the sale, the senior vice president now owns 9,796 shares of the company's stock, valued at $1,734,871.60. This trade represents a 11.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by corporate insiders.

Crane Trading Down 0.4%

Shares of NYSE:CR traded down $0.66 during mid-day trading on Friday, hitting $170.05. The stock had a trading volume of 30,891 shares, compared to its average volume of 318,976. The company's 50 day moving average is $155.17 and its 200-day moving average is $161.70. Crane has a 12-month low of $127.04 and a 12-month high of $188.52. 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 $9.78 billion, a PE ratio of 22.52, a P/E/G ratio of 1.93 and a beta of 1.28.

Crane (NYSE:CR - Get Free Report) last released its earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share (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 analyst estimates of $546.93 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company'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. On average, sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, May 30th. This represents a $0.92 annualized dividend and a yield of 0.54%. Crane's dividend payout ratio (DPR) is presently 15.94%.

Analysts Set New Price Targets

Several research firms recently commented on CR. Deutsche Bank Aktiengesellschaft set a $186.00 target price on shares of Crane and gave the company a "buy" rating in a research note on Monday, April 14th. UBS Group raised Crane from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $157.00 to $190.00 in a research note on Tuesday, April 29th. Wall Street Zen cut Crane from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Stifel Nicolaus boosted their target price on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, April 30th. Finally, DA Davidson reiterated a "buy" rating and issued a $200.00 price target on shares of Crane in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $178.20.

About Crane

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.