Corient Private Wealth LLC Buys 25,400 Shares of Crane (NYSE:CR)

Corient Private Wealth LLC lifted its position in shares of Crane (NYSE:CR - Free Report) by 145.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,814 shares of the conglomerate's stock after purchasing an additional 25,400 shares during the period. Corient Private Wealth LLC owned about 0.07% of Crane worth $6,497,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of Crane by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate's stock worth $2,371,000 after purchasing an additional 65 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Crane by 5.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate's stock worth $221,000 after purchasing an additional 71 shares during the period. Stonegate Investment Group LLC increased its stake in Crane by 5.3% during the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate's stock valued at $218,000 after purchasing an additional 72 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Crane by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate's stock valued at $2,845,000 after purchasing an additional 85 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Crane by 1.2% during the third 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 during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages recently weighed in on CR. StockNews.com downgraded shares of Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. DA Davidson reissued a "buy" rating and issued a $200.00 price target on shares of Crane in a report on Tuesday, March 11th. UBS Group upped their price target on shares of Crane from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus reduced their price target on Crane from $176.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.80.

Crane Price Performance

NYSE CR traded up $1.63 on Tuesday, reaching $160.32. The company's stock had a trading volume of 225,472 shares, compared to its average volume of 235,364. Crane has a twelve month low of $128.50 and a twelve month high of $188.52. 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 $162.16 and its two-hundred day moving average is $161.77. The stock has a market cap of $9.20 billion, a PE ratio of 21.23, a PEG ratio of 1.93 and a beta of 1.30.

Crane (NYSE:CR - Get Free Report) last issued its earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $0.90 earnings per share. As a group, 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 paid a dividend of $0.23 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Crane's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.57%. Crane's dividend payout ratio is currently 18.18%.

Insiders Place Their Bets

In other Crane news, VP Alejandro Alcala sold 2,293 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was 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 directly owns 32,963 shares in the company, valued at approximately $5,635,354.48. This trade represents a 6.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company's stock.

Crane Company 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.