Natixis Advisors LLC Has $10.55 Million Position in Crane (NYSE:CR)

Natixis Advisors LLC lifted its stake in shares of Crane (NYSE:CR - Free Report) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,897 shares of the conglomerate's stock after purchasing an additional 3,691 shares during the quarter. Natixis Advisors LLC owned 0.12% of Crane worth $10,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Crane during the 4th quarter valued at approximately $5,532,000. Aviva PLC bought a new stake in shares of Crane during the 4th quarter valued at approximately $538,000. Golden State Wealth Management LLC boosted its position in Crane by 104.8% during the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock worth $39,000 after buying an additional 131 shares during the period. Twelve Points Wealth Management LLC boosted its position in Crane by 19.6% during the 1st quarter. Twelve Points Wealth Management LLC now owns 11,405 shares of the conglomerate's stock worth $1,747,000 after buying an additional 1,870 shares during the period. Finally, Alps Advisors Inc. boosted its position in Crane by 14.1% during the 1st quarter. Alps Advisors Inc. now owns 41,970 shares of the conglomerate's stock worth $6,429,000 after buying an additional 5,197 shares during the period. 75.14% of the stock is owned by institutional investors.

Crane Price Performance

Shares of NYSE:CR opened at $193.28 on Monday. The company's 50-day moving average is $184.93 and its 200 day moving average is $168.19. 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 capitalization of $11.11 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $203.89.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.15. The company had revenue of $577.20 million for the quarter, compared to the consensus estimate of $567.70 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, equities research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. Crane's dividend payout ratio is currently 15.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Crane from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group reaffirmed a "buy" rating and issued a $230.00 price objective (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus upped their price objective on shares of Crane from $189.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.50.

Insider Buying and Selling at Crane

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

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.

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