Transce3nd LLC acquired a new stake in Crane (NYSE:CR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,729 shares of the conglomerate's stock, valued at approximately $869,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CR. Huntington National Bank lifted its holdings in Crane by 487.8% in the 4th quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. grew 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Crane in the 3rd quarter valued at about $86,000. Jones Financial Companies Lllp lifted its stake in Crane by 17.8% in the 4th quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock worth $89,000 after purchasing an additional 88 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Crane during the 4th quarter worth approximately $101,000. Hedge funds and other institutional investors own 75.14% of the company's stock.
Crane Trading Down 0.9 %
Shares of CR traded down $1.36 during trading on Friday, reaching $148.07. 225,778 shares of the company traded hands, compared to its average volume of 261,625. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $8.50 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The stock has a 50-day simple moving average of $151.63 and a 200-day simple moving average of $160.14. Crane has a twelve month low of $127.04 and a twelve month high of $188.52.
Crane (NYSE:CR - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a return on equity of 24.45% and a net margin of 13.10%. During the same quarter last year, the company earned $0.90 earnings per share. On average, analysts anticipate that Crane will post 7.87 earnings per share for the current year.
Crane Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.23 dividend. This is a positive change from Crane's previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 28th. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. Crane's dividend payout ratio (DPR) is presently 18.18%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CR. DA Davidson reiterated a "buy" rating and set a $200.00 price objective on shares of Crane in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on shares of Crane from $170.00 to $144.00 and set a "hold" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft set a $186.00 target price on shares of Crane and gave the stock a "buy" rating in a research note on Monday, April 14th. StockNews.com cut shares of Crane from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, UBS Group lifted their price target on shares of Crane from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $170.40.
View Our Latest Stock Report on CR
Insider Activity at Crane
In other news, VP Alejandro Alcala sold 2,293 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $170.96, for a total value of $392,011.28. Following the sale, the vice president now directly owns 32,963 shares in the company, valued at approximately $5,635,354.48. This trade represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.12% of the company's stock.
Crane Company Profile
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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.
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