MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 21,215 Shares of Crane (NYSE:CR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Crane (NYSE:CR - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 390,980 shares of the conglomerate's stock after buying an additional 21,215 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.68% of Crane worth $59,331,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Crane in the fourth quarter worth $144,961,000. Alliancebernstein L.P. grew its stake in shares of Crane by 619.4% in the 4th quarter. Alliancebernstein L.P. now owns 499,656 shares of the conglomerate's stock valued at $75,823,000 after buying an additional 430,201 shares during the period. Capital World Investors increased its position in Crane by 16.9% in the 4th quarter. Capital World Investors now owns 2,455,854 shares of the conglomerate's stock valued at $372,676,000 after buying an additional 355,765 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Crane during the 4th quarter worth approximately $45,127,000. Finally, Invesco Ltd. boosted its holdings in Crane by 10.7% in the fourth quarter. Invesco Ltd. now owns 1,425,015 shares of the conglomerate's stock worth $216,246,000 after acquiring an additional 138,279 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Crane Price Performance

CR traded up $0.60 during trading on Thursday, reaching $175.90. The stock had a trading volume of 243,586 shares, compared to its average volume of 266,132. Crane has a one year low of $127.04 and a one year high of $188.52. 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 business has a 50-day moving average of $153.10 and a 200-day moving average of $161.17. The stock has a market cap of $10.11 billion, a PE ratio of 23.30, a PEG ratio of 1.93 and a beta of 1.28.

Crane (NYSE:CR - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $557.60 million during 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 company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. As a group, equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

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

Wall Street Analyst Weigh In

CR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $186.00 price target on shares of Crane and gave the company a "buy" rating in a research note on Monday, April 14th. UBS Group raised shares of Crane from a "neutral" rating to a "buy" rating and increased their target price for the company from $157.00 to $190.00 in a research report on Tuesday, April 29th. StockNews.com cut Crane from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stifel Nicolaus increased their target price on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, April 30th. Finally, DA Davidson reaffirmed a "buy" rating and set a $200.00 target price on shares of Crane in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.20.

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.