Radnor Capital Management LLC Acquires Shares of 11,985 Crane (NYSE:CR)

Radnor Capital Management LLC purchased a new position in shares of Crane (NYSE:CR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,985 shares of the conglomerate's stock, valued at approximately $1,897,000.

Several other large investors also recently bought and sold shares of the stock. Griffin Asset Management Inc. increased its holdings in Crane by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate's stock worth $5,388,000 after purchasing an additional 90 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings 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 during the period. UMB Bank n.a. increased its holdings in Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate's stock worth $35,000 after purchasing an additional 99 shares during the period. SummerHaven Investment Management LLC increased its holdings in Crane by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate's stock worth $1,176,000 after purchasing an additional 104 shares during the period. Finally, Blue Trust Inc. increased its holdings in Crane by 29.9% during the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate's stock worth $66,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Crane Stock Performance

Shares of NYSE CR traded up $5.21 during trading hours on Wednesday, reaching $174.20. The stock had a trading volume of 354,981 shares, compared to its average volume of 234,024. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.93 and a beta of 0.81. 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 fifty-two week low of $98.95 and a fifty-two week high of $177.24. The firm has a 50-day moving average of $155.19 and a 200-day moving average of $149.54.

Crane (NYSE:CR - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Equities research analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a $0.205 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Crane from $168.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Crane presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.33.

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.