Sanctuary Advisors LLC Makes New $884,000 Investment in Crane (NYSE:CR)

Sanctuary Advisors LLC purchased a new position in Crane (NYSE:CR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,125 shares of the conglomerate's stock, valued at approximately $884,000.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Crane by 150.6% in the first quarter. Covestor Ltd now owns 218 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Crane during the 2nd quarter worth approximately $31,000. Blue Trust Inc. raised its position 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 acquiring an additional 112 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in Crane in the 2nd quarter valued at about $123,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Crane during the 2nd quarter worth approximately $159,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on CR. Deutsche Bank Aktiengesellschaft increased their price target on Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Stifel Nicolaus upped their price objective on shares of Crane from $157.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Crane presently has an average rating of "Moderate Buy" and a consensus price target of $156.17.

Crane Trading Up 2.4 %

Shares of NYSE CR traded up $3.65 during midday trading on Friday, hitting $158.73. 182,033 shares of the company traded hands, compared to its average volume of 229,348. Crane has a 12-month low of $82.57 and a 12-month high of $162.34. The firm has a market cap of $9.07 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.93 and a beta of 0.77. The stock has a 50-day moving average price of $152.14 and a 200 day moving average price of $146.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, August 30th. Crane's payout ratio is 21.98%.

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.