Y Intercept Hong Kong Ltd Invests $515,000 in Crane (NYSE:CR)

Y Intercept Hong Kong Ltd bought a new stake in shares of Crane (NYSE:CR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,251 shares of the conglomerate's stock, valued at approximately $515,000.

Other large investors have also added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in Crane during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in Crane in the 3rd quarter worth approximately $28,000. ORG Wealth Partners LLC purchased a new position in shares of Crane in the 3rd quarter worth $30,000. UMB Bank n.a. increased its stake in Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate's stock worth $35,000 after acquiring an additional 99 shares during the last quarter. Finally, Quarry LP bought a new stake in Crane in the third quarter worth $37,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Stifel Nicolaus lowered shares of Crane from a "buy" rating to a "hold" rating and set a $176.00 price target on the stock. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $167.00.

Crane Price Performance

CR stock traded down $0.63 during trading on Monday, hitting $164.34. The stock had a trading volume of 235,920 shares, compared to its average volume of 235,822. Crane has a twelve month low of $110.20 and a twelve month high of $188.52. The stock has a market capitalization of $9.41 billion, a P/E ratio of 36.20, a PEG ratio of 1.93 and a beta of 0.93. The company's 50-day moving average price is $168.32 and its two-hundred day moving average price is $156.12. 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 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 firm had revenue of $597.20 million for 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 firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.82 annualized dividend and a dividend yield of 0.50%. Crane's dividend payout ratio is presently 18.06%.

About Crane

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.