7,908 Shares in Crane (NYSE:CR) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in Crane (NYSE:CR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,908 shares of the conglomerate's stock, valued at approximately $1,252,000.

Several other hedge funds have also recently modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in Crane by 13.1% during the third quarter. Quantinno Capital Management LP now owns 2,001 shares of the conglomerate's stock worth $317,000 after purchasing an additional 231 shares in the last quarter. Quarry LP purchased a new position in shares of Crane during the 3rd quarter worth approximately $37,000. Point72 Asset Management L.P. acquired a new stake in shares of Crane in the 3rd quarter valued at approximately $17,062,000. Millburn Ridgefield Corp purchased a new stake in shares of Crane in the third quarter valued at approximately $45,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Crane during the third quarter worth $2,684,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus lowered shares of Crane from a "buy" rating to a "hold" rating and set a $176.00 target price on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their target price 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.00.

Crane Price Performance

Shares of NYSE CR traded up $0.20 on Friday, hitting $176.37. The company's stock had a trading volume of 186,954 shares, compared to its average volume of 233,340. The stock has a 50 day moving average of $167.08 and a 200-day moving average of $155.10. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Crane has a 12-month low of $102.80 and a 12-month high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

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

Crane Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.82 annualized dividend and a dividend yield of 0.46%. Crane's dividend payout ratio is currently 18.06%.

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.