Twelve Points Wealth Management LLC Has $1.75 Million Holdings in Crane (NYSE:CR)

Twelve Points Wealth Management LLC lifted its position in shares of Crane (NYSE:CR - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,405 shares of the conglomerate's stock after purchasing an additional 1,870 shares during the quarter. Twelve Points Wealth Management LLC's holdings in Crane were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CR. PNC Financial Services Group Inc. grew its stake in shares of Crane by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate's stock valued at $2,371,000 after purchasing an additional 65 shares during the period. Cetera Investment Advisers boosted its stake in 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 buying an additional 74 shares in the last quarter. NorthRock Partners LLC boosted its stake in 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 buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Crane by 17.8% in 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. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Crane by 4.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,037 shares of the conglomerate's stock valued at $309,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

CR has been the topic of several recent analyst reports. UBS Group set a $215.00 price target on Crane and gave the company a "buy" rating in a research note on Tuesday, June 10th. Stifel Nicolaus boosted their price target on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, DA Davidson reiterated a "buy" rating and issued a $200.00 price objective on shares of Crane in a research report on Tuesday, June 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $197.75.

Insider Buying and Selling at Crane

In other news, SVP Jason D. Feldman sold 1,300 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was 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 owned 9,796 shares in the company, valued at $1,734,871.60. The trade was a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.

Crane Trading Up 0.2%

Shares of CR opened at $191.60 on Wednesday. The stock has a fifty day moving average price of $178.09 and a two-hundred day moving average price of $163.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 52-week low of $127.04 and a 52-week high of $195.00. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.93 and a beta of 1.26.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.10. The firm 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 business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. Analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.48%. Crane's payout ratio is currently 15.94%.

Crane 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.

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