iSAM Funds UK Ltd Purchases New Holdings in Crane (NYSE:CR)

iSAM Funds UK Ltd purchased a new position in Crane (NYSE:CR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,361 shares of the conglomerate's stock, valued at approximately $532,000.

Several other institutional investors have also made changes to their positions in CR. Dimensional Fund Advisors LP grew its stake in Crane by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate's stock valued at $111,882,000 after purchasing an additional 70,297 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Crane by 16.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate's stock valued at $103,748,000 after buying an additional 91,029 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Crane by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate's stock valued at $92,707,000 after buying an additional 3,188 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Crane by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 430,543 shares of the conglomerate's stock worth $62,420,000 after buying an additional 4,276 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in Crane by 12.5% during the second quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate's stock valued at $55,758,000 after acquiring an additional 42,743 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Performance

Shares of Crane stock traded up $0.20 on Friday, reaching $176.37. The stock had a trading volume of 186,954 shares, compared to its average volume of 233,340. 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 business's 50-day moving average price is $167.08 and its two-hundred day moving average price is $155.15. The stock has a market cap of $10.09 billion, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Crane has a fifty-two week low of $102.80 and a fifty-two week high of $188.52.

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

Crane Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CR. Stifel Nicolaus lowered shares of Crane from a "buy" rating to a "hold" rating and set a $176.00 price target on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.00.

About Crane

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.