Crane (NYSE:CR) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in shares of Crane (NYSE:CR - Free Report) by 112.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,378 shares of the conglomerate's stock after buying an additional 3,373 shares during the period. Los Angeles Capital Management LLC's holdings in Crane were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CR. Capital International Investors raised its stake in Crane by 103.3% in the 1st quarter. Capital International Investors now owns 1,348,451 shares of the conglomerate's stock worth $182,216,000 after acquiring an additional 685,230 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 70,297 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Crane by 7.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 564,441 shares of the conglomerate's stock worth $81,833,000 after buying an additional 38,310 shares during the period. Bank of New York Mellon Corp raised its position in Crane by 1.0% during the 2nd 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 boosted its holdings in shares of Crane by 12.5% in the 2nd 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 during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CR shares. Stifel Nicolaus lifted their target price on shares of Crane from $168.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Crane from $175.00 to $182.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $157.33.

Crane Stock Down 0.2 %

CR traded down $0.41 on Friday, hitting $173.50. 121,351 shares of the company were exchanged, compared to its average volume of 232,733. The firm has a 50-day moving average price of $158.85 and a two-hundred day moving average price of $151.35. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $102.80 and a twelve month high of $180.87. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 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 the consensus estimate of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. On average, equities analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.47%. Crane's dividend payout ratio (DPR) is presently 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.