World Investment Advisors LLC Purchases Shares of 28,174 Crane (NYSE:CR)

World Investment Advisors LLC bought a new position in Crane (NYSE:CR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 28,174 shares of the conglomerate's stock, valued at approximately $4,459,000.

Several other institutional investors have also bought and sold shares of the company. Matrix Trust Co bought a new position in shares of Crane in the third quarter worth $25,000. V Square Quantitative Management LLC bought a new position in shares of Crane during the third quarter valued at about $28,000. ORG Wealth Partners LLC bought a new position in shares of Crane during the third quarter valued at about $30,000. ORG Partners LLC bought a new position in shares of Crane during the second quarter valued at about $31,000. Finally, UMB Bank n.a. grew its stake in shares of Crane by 81.8% during 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 last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Crane Stock Performance

Shares of CR stock traded down $1.61 during mid-day trading on Friday, reaching $164.52. 92,732 shares of the company's stock traded hands, compared to its average volume of 235,449. Crane has a 12 month low of $106.89 and a 12 month high of $188.52. The firm has a 50 day moving average price of $168.08 and a two-hundred day moving average price of $155.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market capitalization of $9.42 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.

Crane (NYSE:CR - Get Free Report) last posted its quarterly earnings data 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 company 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%. Crane's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, research analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, November 29th. Crane's dividend payout ratio (DPR) is presently 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.