ING Groep NV boosted its position in shares of Crane Co. (NYSE:CR) by 22.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,612 shares of the conglomerate’s stock after buying an additional 1,407 shares during the quarter. ING Groep NV’s holdings in Crane were worth $679,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Howe & Rusling Inc. lifted its stake in shares of Crane by 88.5% in the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after purchasing an additional 1,057 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of Crane by 54.2% in the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after purchasing an additional 800 shares during the period. Fruth Investment Management acquired a new position in shares of Crane in the 4th quarter valued at $205,000. Vident Investment Advisory LLC acquired a new position in shares of Crane in the 3rd quarter valued at $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Crane by 51.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,695 shares of the conglomerate’s stock valued at $240,000 after purchasing an additional 917 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
CR has been the subject of a number of recent analyst reports. Canaccord Genuity lowered their price objective on shares of Crane from $100.00 to $99.95 in a research report on Wednesday, January 31st. AltaCorp Capital restated a “buy” rating on shares of Crane in a research report on Monday, January 15th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Vertical Research upgraded shares of Crane from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, Oppenheimer restated a “buy” rating on shares of Crane in a research report on Tuesday, December 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $106.28.
Crane Co. (NYSE CR) opened at $94.28 on Friday. The stock has a market capitalization of $5,505.29, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81. Crane Co. has a 1-year low of $70.56 and a 1-year high of $102.65.
Crane (NYSE:CR) last released its earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. The firm had revenue of $714.20 million during the quarter, compared to analysts’ expectations of $702.50 million. Crane had a return on equity of 20.66% and a net margin of 6.17%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. equities analysts forecast that Crane Co. will post 5.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from Crane’s previous quarterly dividend of $0.33. Crane’s dividend payout ratio is 46.48%.
In other Crane news, VP Augustus I. Dupont sold 16,396 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the transaction, the vice president now owns 102,994 shares in the company, valued at approximately $10,066,633.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
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Crane Company 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.
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