Twinbeech Capital LP Increases Stake in Crane (NYSE:CR)

Twinbeech Capital LP raised its stake in shares of Crane (NYSE:CR - Free Report) by 65.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,422 shares of the conglomerate's stock after acquiring an additional 18,395 shares during the period. Twinbeech Capital LP owned approximately 0.08% of Crane worth $7,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CR. Park Avenue Securities LLC lifted its stake in Crane by 15.0% during the 4th quarter. Park Avenue Securities LLC now owns 3,158 shares of the conglomerate's stock valued at $479,000 after acquiring an additional 412 shares during the period. Diversify Advisory Services LLC lifted its stake in Crane by 23.0% during the 4th quarter. Diversify Advisory Services LLC now owns 2,429 shares of the conglomerate's stock valued at $365,000 after acquiring an additional 454 shares during the period. UMB Bank n.a. lifted its stake in Crane by 69.1% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 152 shares during the period. Pacer Advisors Inc. lifted its stake in Crane by 37.6% during the 4th quarter. Pacer Advisors Inc. now owns 9,815 shares of the conglomerate's stock valued at $1,489,000 after acquiring an additional 2,681 shares during the period. Finally, Lebenthal Global Advisors LLC bought a new position in shares of Crane in the 4th quarter worth approximately $330,000. Institutional investors own 75.14% of the company's stock.

Crane Stock Up 0.2%

NYSE:CR opened at $178.23 on Tuesday. Crane has a twelve month low of $127.04 and a twelve month high of $188.52. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.28. The stock has a fifty day simple moving average of $154.04 and a 200-day simple moving average of $161.47. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR - Get Free Report) last released its earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $557.60 million during the quarter, compared to the consensus estimate of $546.93 million. During the same period last year, the company earned $1.22 earnings per share. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 0.52%. Crane's payout ratio is currently 15.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $186.00 price target on Crane and gave the stock a "buy" rating in a research report on Monday, April 14th. StockNews.com downgraded Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stifel Nicolaus raised their price target on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, April 30th. UBS Group upgraded Crane from a "neutral" rating to a "buy" rating and raised their price target for the stock from $157.00 to $190.00 in a research report on Tuesday, April 29th. Finally, DA Davidson restated a "buy" rating and issued a $200.00 price target on shares of Crane in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.20.

Crane Company 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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