54,245 Shares in Crane (NYSE:CR) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new position in shares of Crane (NYSE:CR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,245 shares of the conglomerate's stock, valued at approximately $8,232,000. Voloridge Investment Management LLC owned 0.09% of Crane at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Crane by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate's stock worth $2,371,000 after acquiring an additional 65 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Crane by 5.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate's stock worth $221,000 after acquiring an additional 71 shares during the last quarter. Stonegate Investment Group LLC grew its position in Crane by 5.3% in 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 period. Cetera Investment Advisers grew its position in shares of Crane by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 8,196 shares of the conglomerate's stock valued at $1,244,000 after acquiring an additional 74 shares during the period. Finally, NorthRock Partners LLC lifted its stake in shares of Crane by 4.2% during 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. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $177.10, for a total value of $230,230.00. Following the transaction, the senior vice president now owns 9,796 shares in the company, valued at $1,734,871.60. This trade represents a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is owned by corporate insiders.

Crane Stock Performance

Crane stock traded down $1.95 during trading hours on Friday, reaching $171.09. 42,445 shares of the company were exchanged, compared to its average volume of 268,936. Crane has a 12 month low of $127.04 and a 12 month high of $188.52. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.93 and a beta of 1.28. The stock has a 50-day moving average of $156.95 and a 200 day moving average of $161.61.

Crane (NYSE:CR - Get Free Report) last announced its earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $557.60 million during the quarter, compared to analyst estimates of $546.93 million. During the same period last year, the company posted $1.22 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be paid a $0.23 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.92 annualized dividend and a yield of 0.54%. Crane's dividend payout ratio (DPR) is presently 15.94%.

Analyst Upgrades and Downgrades

CR has been the subject of a number of research analyst reports. UBS Group raised shares of 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 report on Tuesday, April 29th. Wall Street Zen downgraded shares of Crane from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stifel Nicolaus increased their price target on shares of Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, April 30th. DA Davidson restated a "buy" rating and set a $200.00 target price on shares of Crane in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft set a $186.00 price target on shares of Crane and gave the stock a "buy" rating in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Crane presently has a consensus rating of "Moderate Buy" and an average target price of $181.50.

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.