Impact Capital Partners LLC Acquires New Shares in Crane (NYSE:CR)

Impact Capital Partners LLC purchased a new stake in Crane (NYSE:CR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,986 shares of the conglomerate's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Crane in the 3rd quarter valued at about $37,000. Millburn Ridgefield Corp bought a new stake in Crane in the third quarter valued at approximately $45,000. Truvestments Capital LLC bought a new stake in Crane in the third quarter valued at approximately $56,000. UMB Bank n.a. lifted its position 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 buying an additional 152 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Crane during the 3rd quarter worth approximately $86,000. Institutional investors own 75.14% of the company's stock.

Crane Stock Performance

Shares of CR stock traded down $3.09 on Tuesday, hitting $151.35. The company's stock had a trading volume of 307,007 shares, compared to its average volume of 228,398. Crane has a fifty-two week low of $128.50 and a fifty-two week high of $188.52. The company has a market capitalization of $8.69 billion, a PE ratio of 20.05, a PEG ratio of 1.93 and a beta of 1.30. The stock's 50 day moving average is $161.98 and its 200-day moving average is $161.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

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Crane (NYSE:CR - Get Free Report) last announced its earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) 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 last year, the firm posted $0.90 EPS. Equities research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Crane's previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 28th. Crane's dividend payout ratio is presently 18.18%.

Insider Transactions at Crane

In other news, VP Alejandro Alcala sold 2,293 shares of the company'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 transaction of $392,011.28. Following the completion of the sale, the vice president now owns 32,963 shares of the company's stock, valued at approximately $5,635,354.48. This represents a 6.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com downgraded Crane from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. DA Davidson reissued a "buy" rating and issued a $200.00 price objective on shares of Crane in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their target price on shares of Crane from $176.00 to $170.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, UBS Group increased their price target on shares of Crane from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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.