16,956 Shares in Crane (NYSE:CR) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in Crane (NYSE:CR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,956 shares of the conglomerate's stock, valued at approximately $2,684,000.

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

Analyst Ratings Changes

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

Crane Stock Up 0.1 %

Shares of Crane stock traded up $0.20 on Friday, hitting $176.37. 186,954 shares of the company's stock traded hands, compared to its average volume of 233,340. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $167.08 and its 200 day moving average is $155.21. The stock has a market cap of $10.09 billion, a P/E ratio of 38.85, a PEG ratio of 1.93 and a beta of 0.93. Crane has a 52-week low of $102.80 and a 52-week high of $188.52.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.06. The company 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 firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Equities analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

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

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.