Envestnet Asset Management Inc. Lowers Stake in Crane (NYSE:CR)

Envestnet Asset Management Inc. lessened its holdings in Crane ( NYSE:CR – Free Report ) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.

The firm owned 86,662 shares of the conglomerate’s stock after selling 2,643 shares during the period. Envestnet Asset Management Inc.’s holdings in Crane were worth $13,151,000 as of its most recent SEC filing.



Several other institutional investors and hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Crane by 0.

4% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate’s stock worth $2,371,000 after buying an additional 65 shares in the last quarter.

Bleakley Financial Group LLC lifted its stake in Crane by 5.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate’s stock valued at $221,000 after buying an additional 71 shares during the last quarter.

Stonegate Investment Group LLC grew its position in shares of Crane by 5.3% during the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate’s stock worth $218,000 after acquiring an additional 72 shares during the last quarter.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Crane by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock worth $2,845,000 after acquiring an additional 85 shares during the period.

Finally, Jones Financial Companies Lllp boosted its stake in Crane by 17.8% during the 4th quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 88 shares during the period.

Hedge funds and other institutional investors own 75.14% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on the company.

UBS Group boosted their price objective on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd.

Stifel Nicolaus decreased their price target on Crane from $170.00 to $144.00 and set a “hold” rating for the company in a research note on Monday.

StockNews.com cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $200.

00 target price on shares of Crane in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.

60. Crane Price Performance Shares of NYSE:CR opened at $141.29 on Thursday.

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 company has a market capitalization of $8.11 billion, a PE ratio of 18.

71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

The stock has a fifty day moving average of $155.12 and a 200-day moving average of $160.77.

Crane has a one year low of $127.04 and a one year high of $188.52.

Crane ( NYSE:CR – Get Free Report ) last released its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.

19 by $0.07. Crane had a return on equity of 24.

45% and a net margin of 13.10%. During the same period last year, the business posted $0.

90 earnings per share. As a group, equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.23 per share.

This represents a $0.92 annualized dividend and a yield of 0.65%.

This is a boost from Crane’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 28th.

Crane’s payout ratio is presently 18.18%. Insider Buying and Selling at Crane In other news, VP Alejandro Alcala sold 2,293 shares of the company’s stock in a transaction dated Thursday, February 6th.

The stock was sold at an average price of $170.96, for a total value of $392,011.28.

Following the transaction, the vice president now owns 32,963 shares in the company, valued at $5,635,354.48. This represents a 6.

50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Company insiders own 2.

12% of the company’s stock. Crane Company Profile ( Free Report ) 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.

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