Crane (NYSE:CR) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its stake in shares of Crane (NYSE:CR - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,939 shares of the conglomerate's stock after selling 12,214 shares during the quarter. Congress Wealth Management LLC DE owned 0.16% of Crane worth $14,104,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CR. Quarry LP purchased a new position in Crane during the 3rd quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Crane during the third quarter worth about $45,000. Truvestments Capital LLC purchased a new position in shares of Crane in the third quarter valued at approximately $56,000. UMB Bank n.a. grew its holdings in shares of Crane by 69.1% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 152 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Crane during the 3rd quarter worth approximately $86,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Down 2.3 %

Shares of NYSE:CR traded down $3.64 on Friday, hitting $152.27. 209,420 shares of the company's stock were exchanged, compared to its average volume of 249,224. Crane has a 1-year low of $128.50 and a 1-year high of $188.52. The company has a market capitalization of $8.74 billion, a PE ratio of 20.17, a P/E/G ratio of 1.93 and a beta of 1.30. 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 firm's 50-day moving average is $162.32 and its 200 day moving average is $161.87.

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Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business earned $0.90 earnings per share. Sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.23 per share. This is a positive change from Crane's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. Crane's dividend payout ratio (DPR) is presently 18.18%.

Insider Transactions at Crane

In related news, VP Alejandro Alcala sold 2,293 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $170.96, for a total transaction of $392,011.28. Following the completion of the sale, the vice president now owns 32,963 shares in the company, valued at $5,635,354.48. This represents a 6.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company's stock.

Analyst Upgrades and Downgrades

CR has been the subject of several recent research reports. UBS Group raised 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. Stifel Nicolaus decreased their target price on Crane from $176.00 to $170.00 and set a "hold" rating for the company in a report on Friday, January 24th. StockNews.com lowered Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, DA Davidson reiterated a "buy" rating and issued a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.80.

Crane 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.