UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $18.24 Million Stock Holdings in Crane (NYSE:CR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Crane (NYSE:CR - Free Report) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,264 shares of the conglomerate's stock after selling 10,759 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Crane worth $18,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. lifted its stake in Crane by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate's stock valued at $5,388,000 after buying an additional 90 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Crane by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate's stock worth $529,000 after acquiring an additional 94 shares during the last quarter. UMB Bank n.a. grew its holdings in Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 99 shares during the period. SummerHaven Investment Management LLC increased its stake in Crane by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate's stock valued at $1,176,000 after purchasing an additional 104 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Crane by 29.9% in the second quarter. Blue Trust Inc. now owns 487 shares of the conglomerate's stock valued at $66,000 after purchasing an additional 112 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CR shares. Stifel Nicolaus cut shares of Crane from a "buy" rating to a "hold" rating and set a $176.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Crane from $175.00 to $182.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $167.00.

Crane Stock Up 0.1 %

CR stock traded up $0.20 during trading hours on Friday, reaching $176.37. 186,954 shares of the stock were exchanged, compared to its average volume of 233,340. The firm's 50-day moving average is $167.08 and its 200-day moving average is $155.10. Crane has a 12 month low of $102.80 and a 12 month high of $188.52. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR - Get Free Report) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.06. The business had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. Crane's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, November 29th. Crane's payout ratio is 18.06%.

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.