Walleye Capital LLC increased its holdings in shares of Crane (NYSE:CR - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,223 shares of the conglomerate's stock after purchasing an additional 7,688 shares during the period. Walleye Capital LLC owned approximately 0.18% of Crane worth $15,361,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CR. Quantinno Capital Management LP increased its position in Crane by 13.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,001 shares of the conglomerate's stock valued at $317,000 after buying an additional 231 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Crane during the third quarter worth approximately $515,000. M&T Bank Corp lifted its holdings in shares of Crane by 1.2% in the 3rd quarter. M&T Bank Corp now owns 7,336 shares of the conglomerate's stock worth $1,161,000 after purchasing an additional 86 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Crane in the 3rd quarter valued at $4,459,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Crane during the 3rd quarter valued at $86,000. 75.14% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP Alejandro Alcala sold 2,293 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $170.96, for a total value of $392,011.28. Following the completion of the transaction, the vice president now directly owns 32,963 shares of the company's stock, valued at approximately $5,635,354.48. This trade represents a 6.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.12% of the stock is currently owned by insiders.
Crane Stock Performance
NYSE CR traded up $0.94 during trading hours on Friday, reaching $142.51. 264,630 shares of the company were exchanged, compared to its average volume of 260,642. The stock has a market capitalization of $8.18 billion, a P/E ratio of 18.88, a P/E/G 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. Crane has a 1 year low of $127.04 and a 1 year high of $188.52. The business's 50 day simple moving average is $153.92 and its 200-day simple moving average is $160.60.
Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a net margin of 13.10% and a return on equity of 24.45%. During the same quarter last year, the company posted $0.90 earnings per share. On average, equities research analysts expect that Crane will post 7.87 earnings per share for the current year.
Crane Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.23 per share. This is an increase 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 0.65%. Crane's dividend payout ratio is presently 18.18%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CR. DA Davidson reiterated a "buy" rating and set a $200.00 price objective on shares of Crane in a report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on Crane from $170.00 to $144.00 and set a "hold" rating for the company in a report on Monday, April 14th. UBS Group raised their target price on Crane from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. StockNews.com downgraded 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 research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $170.40.
Read 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.
Further Reading
Before you consider Crane, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crane wasn't on the list.
While Crane currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
