Man Group plc Has $5.05 Million Stake in Crane (NYSE:CR)

Man Group plc lessened its holdings in Crane (NYSE:CR - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,286 shares of the conglomerate's stock after selling 1,511 shares during the quarter. Man Group plc owned 0.06% of Crane worth $5,051,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of 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 in the last quarter. Bleakley Financial Group LLC increased 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 worth $221,000 after purchasing an additional 71 shares during the last quarter. Stonegate Investment Group LLC increased its stake in shares of Crane by 5.3% during the 4th quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate's stock worth $218,000 after purchasing an additional 72 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Crane by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 8,196 shares of the conglomerate's stock valued at $1,244,000 after purchasing an additional 74 shares during the period. Finally, NorthRock Partners LLC raised its holdings in shares of Crane by 4.2% in the 4th quarter. NorthRock Partners LLC now owns 1,954 shares of the conglomerate's stock valued at $297,000 after purchasing an additional 79 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

In related news, SVP Jason D. Feldman sold 1,300 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the transaction, the senior vice president now directly owns 9,796 shares of the company's stock, valued at approximately $1,734,871.60. This trade represents a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is owned by insiders.

Analyst Ratings Changes

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

Crane Stock Performance

Shares of CR traded down $0.61 during trading hours on Friday, hitting $170.10. The company had a trading volume of 217,379 shares, compared to its average volume of 269,413. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.93 and a beta of 1.28. The business has a fifty day moving average of $155.54 and a 200-day moving average of $161.71. Crane has a 12 month low of $127.04 and a 12 month high of $188.52. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

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, beating the consensus estimate of $1.29 by $0.10. The company had revenue of $557.60 million for 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 company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 yield of 0.54%. The ex-dividend date of this dividend is Friday, May 30th. Crane's dividend payout ratio is 15.94%.

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.