Two Sigma Securities LLC purchased a new position in shares of Crane (NYSE:CR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,794 shares of the conglomerate's stock, valued at approximately $272,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC acquired a new position in Crane during the fourth quarter worth about $538,000. Raymond James Financial Inc. acquired a new position in Crane in the fourth quarter valued at $12,890,000. Rhumbline Advisers grew its holdings in shares of Crane by 2.2% during the 4th quarter. Rhumbline Advisers now owns 135,191 shares of the conglomerate's stock worth $20,515,000 after purchasing an additional 2,953 shares during the period. American Century Companies Inc. grew its stake in Crane by 2.7% during the fourth quarter. American Century Companies Inc. now owns 323,272 shares of the conglomerate's stock worth $49,057,000 after buying an additional 8,552 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in Crane in the 4th quarter valued at $744,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Crane
In other Crane news, VP Alejandro Alcala sold 2,293 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $170.96, for a total transaction 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. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by company insiders.
Crane Stock Performance
NYSE CR traded up $4.44 during trading hours on Friday, hitting $167.48. The company had a trading volume of 340,632 shares, compared to its average volume of 267,064. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $188.52. The firm has a market cap of $9.61 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. 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 business has a fifty day simple moving average of $150.32 and a 200-day simple moving average of $160.10.
Crane (NYSE:CR - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $557.60 million for the quarter, compared to analysts' expectations of $546.93 million. During the same quarter last year, the company earned $1.22 EPS. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Crane will post 7.87 EPS for the current year.
Crane Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, May 30th. Crane's dividend payout ratio is currently 18.18%.
Analysts Set New Price Targets
CR has been the subject of several recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Crane in a research report on Tuesday, March 11th. Stifel Nicolaus upped their price target on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday. UBS Group raised shares of Crane from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $157.00 to $190.00 in a report on Tuesday. StockNews.com cut shares of Crane from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $186.00 price target on shares of Crane and gave the company a "buy" rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.20.
View Our Latest Analysis on Crane
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.
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