Silvercrest Asset Management Group LLC lowered its holdings in Crane (NYSE:CR - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,773 shares of the conglomerate's stock after selling 13,758 shares during the period. Silvercrest Asset Management Group LLC owned 0.38% of Crane worth $33,199,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ProShare Advisors LLC boosted its holdings in Crane by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 2,275 shares of the conglomerate's stock valued at $345,000 after acquiring an additional 155 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Crane by 55.9% in the fourth quarter. Quantinno Capital Management LP now owns 3,120 shares of the conglomerate's stock valued at $474,000 after acquiring an additional 1,119 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Crane by 4.2% in the fourth quarter. NorthRock Partners LLC now owns 1,954 shares of the conglomerate's stock valued at $297,000 after acquiring an additional 79 shares during the last quarter. Maven Securities LTD acquired a new position in Crane in the fourth quarter valued at $448,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Crane by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 390,980 shares of the conglomerate's stock valued at $59,331,000 after acquiring an additional 21,215 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.
Crane Trading Up 1.1%
Shares of CR opened at $178.05 on Friday. The stock's 50-day moving average is $153.56 and its two-hundred day moving average is $161.30. The stock has a market cap of $10.24 billion, a PE ratio of 23.58, a P/E/G 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.
Crane (NYSE:CR - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The conglomerate reported $1.39 EPS 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 for the quarter, compared to analysts' expectations of $546.93 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company's revenue was up 9.3% compared to the same quarter last year. Equities analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Announces Dividend
The firm 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. This represents a $0.92 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, May 30th. Crane's dividend payout ratio (DPR) is 15.94%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CR. UBS Group upgraded Crane from a "neutral" rating to a "buy" rating and lifted their target price for the company from $157.00 to $190.00 in a report on Tuesday, April 29th. Stifel Nicolaus lifted their target price on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $186.00 target price on Crane and gave the company a "buy" rating in a report on Monday, April 14th. StockNews.com cut Crane from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, DA Davidson restated a "buy" rating and set a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.20.
Get Our Latest Research Report on CR
About Crane
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane (NYSE:CR - Free Report).
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