UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 17,295 Shares of Crane (NYSE:CR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Crane (NYSE:CR - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,559 shares of the conglomerate's stock after buying an additional 17,295 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Crane worth $20,116,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Huntington National Bank boosted its holdings in Crane by 487.8% during the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock worth $37,000 after buying an additional 200 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 acquiring an additional 88 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Crane in the 4th quarter valued at approximately $101,000. Quarry LP boosted its stake in Crane by 250.6% during the 4th quarter. Quarry LP now owns 817 shares of the conglomerate's stock worth $124,000 after acquiring an additional 584 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Crane by 901.1% during the fourth quarter. Covestor Ltd now owns 911 shares of the conglomerate's stock valued at $138,000 after purchasing an additional 820 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jason D. Feldman sold 1,300 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CR shares. Deutsche Bank Aktiengesellschaft set a $186.00 target price on shares of Crane and gave the stock a "buy" rating in a report 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. DA Davidson reaffirmed a "buy" rating and set a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. Stifel Nicolaus lifted their target price on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Crane from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $181.50.

Crane Stock Down 0.5%

CR traded down $0.87 during trading on Monday, reaching $170.53. The company had a trading volume of 202,114 shares, compared to its average volume of 269,659. The company has a market cap of $9.81 billion, a P/E ratio of 22.59, a PEG ratio of 1.93 and a beta of 1.28. 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 current ratio of 1.18 and a quick ratio of 0.88. The business's fifty day moving average price is $157.45 and its 200 day moving average price is $161.37.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. The business 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 firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. Equities analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a $0.23 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.54%. Crane's dividend payout ratio (DPR) 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.