Crane Company (CR) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in shares of Crane Company (NYSE:CR) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,053 shares of the conglomerate’s stock after purchasing an additional 1,493 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Crane were worth $719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CR. UBS Asset Management Americas Inc. grew its holdings in shares of Crane by 8.6% during the first quarter. UBS Asset Management Americas Inc. now owns 37,939 shares of the conglomerate’s stock worth $2,839,000 after buying an additional 3,011 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Crane during the first quarter worth about $993,000. M&T Bank Corp grew its holdings in shares of Crane by 4.2% during the first quarter. M&T Bank Corp now owns 4,898 shares of the conglomerate’s stock worth $366,000 after buying an additional 199 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Crane by 131.7% during the first quarter. SG Americas Securities LLC now owns 13,984 shares of the conglomerate’s stock worth $1,046,000 after buying an additional 7,948 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Crane by 15.7% during the first quarter. ClariVest Asset Management LLC now owns 1,476 shares of the conglomerate’s stock worth $110,000 after buying an additional 200 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/10/crane-company-cr-shares-bought-by-coldstream-capital-management-inc.html.

In other Crane news, Director E Thayer Bigelow sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $73.73, for a total transaction of $442,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kristian Robert Salovaara sold 9,200 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.20, for a total value of $701,040.00. Following the sale, the vice president now directly owns 24,786 shares of the company’s stock, valued at $1,888,693.20. The disclosure for this sale can be found here. Insiders have sold a total of 22,200 shares of company stock valued at $1,661,630 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Crane Company (NYSE CR) traded down 0.19% on Tuesday, reaching $80.57. The company’s stock had a trading volume of 39,593 shares. The firm’s 50-day moving average price is $76.48 and its 200 day moving average price is $77.47. Crane Company has a 52-week low of $59.81 and a 52-week high of $84.34. The company has a market cap of $4.80 billion, a P/E ratio of 36.71 and a beta of 1.11.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The firm had revenue of $702.50 million during the quarter, compared to analyst estimates of $702.53 million. Crane had a return on equity of 20.57% and a net margin of 4.79%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Equities analysts anticipate that Crane Company will post $4.48 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Crane from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Monday, July 17th. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price objective on shares of Crane in a report on Friday, July 14th. Wolfe Research assumed coverage on Crane in a report on Tuesday, July 11th. They set a “market perform” rating for the company. BidaskClub upgraded Crane from a “hold” rating to a “buy

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CR. UBS Asset Management Americas Inc. grew its holdings in shares of Crane by 8.6% during the first quarter. UBS Asset Management Americas Inc. now owns 37,939 shares of the conglomerate’s stock worth $2,839,000 after buying an additional 3,011 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Crane during the first quarter worth about $993,000. M&T Bank Corp grew its holdings in shares of Crane by 4.2% during the first quarter. M&T Bank Corp now owns 4,898 shares of the conglomerate’s stock worth $366,000 after buying an additional 199 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Crane by 131.7% during the first quarter. SG Americas Securities LLC now owns 13,984 shares of the conglomerate’s stock worth $1,046,000 after buying an additional 7,948 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Crane by 15.7% during the first quarter. ClariVest Asset Management LLC now owns 1,476 shares of the conglomerate’s stock worth $110,000 after buying an additional 200 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/10/crane-company-cr-shares-bought-by-coldstream-capital-management-inc.html.

In other Crane news, Director E Thayer Bigelow sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $73.73, for a total transaction of $442,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kristian Robert Salovaara sold 9,200 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.20, for a total value of $701,040.00. Following the sale, the vice president now directly owns 24,786 shares of the company’s stock, valued at $1,888,693.20. The disclosure for this sale can be found here. Insiders have sold a total of 22,200 shares of company stock valued at $1,661,630 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Crane Company (NYSE CR) traded down 0.19% on Tuesday, reaching $80.57. The company’s stock had a trading volume of 39,593 shares. The firm’s 50-day moving average price is $76.48 and its 200 day moving average price is $77.47. Crane Company has a 52-week low of $59.81 and a 52-week high of $84.34. The company has a market cap of $4.80 billion, a P/E ratio of 36.71 and a beta of 1.11.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The firm had revenue of $702.50 million during the quarter, compared to analyst estimates of $702.53 million. Crane had a return on equity of 20.57% and a net margin of 4.79%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Equities analysts anticipate that Crane Company will post $4.48 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Crane from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Monday, July 17th. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price objective on shares of Crane in a report on Friday, July 14th. Wolfe Research assumed coverage on Crane in a report on Tuesday, July 11th. They set a “market perform” rating for the company. BidaskClub upgraded Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Crane in a report on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.38.

Crane Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Institutional Ownership by Quarter for Crane (NYSE:CR)

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