1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC trimmed its holdings in shares of Crane ( NYSE:CR – Free Report ) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,687 shares of the conglomerate’s stock after selling 207 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Crane were worth $560,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also modified their holdings of CR. Y Intercept Hong Kong Ltd bought a new position in Crane during the third quarter valued at approximately $515,000.
Raymond James Financial Inc. bought a new position in shares of Crane during the 4th quarter valued at $12,890,000. Rhumbline Advisers boosted its stake in shares of Crane by 2.
2% in the 4th quarter. Rhumbline Advisers now owns 135,191 shares of the conglomerate’s stock worth $20,515,000 after buying an additional 2,953 shares during the last quarter. Twelve Points Wealth Management LLC grew its holdings in shares of Crane by 50.
5% in the fourth quarter. Twelve Points Wealth Management LLC now owns 9,535 shares of the conglomerate’s stock worth $1,447,000 after acquiring an additional 3,200 shares during the period. Finally, Corient Private Wealth LLC increased its position in Crane by 145.
9% during the fourth quarter. Corient Private Wealth LLC now owns 42,814 shares of the conglomerate’s stock valued at $6,497,000 after acquiring an additional 25,400 shares during the last quarter. Institutional investors own 75.
14% of the company’s stock. Analyst Ratings Changes Several brokerages have issued reports on CR. DA Davidson reissued a “buy” rating and issued a $200.
00 target price on shares of Crane in a research report on Tuesday, March 11th. StockNews.com downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.
UBS Group upped their target price on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 3rd.
Finally, Stifel Nicolaus dropped their price target on shares of Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, January 24th.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and a consensus price target of $174.
80. Crane Price Performance Shares of NYSE:CR opened at $132.56 on Tuesday.
The company has a market capitalization of $7.61 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.
93 and a beta of 1.31. Crane has a 1-year low of $127.
04 and a 1-year high of $188.52. The firm’s 50 day simple moving average is $160.
74 and its two-hundred day simple moving average is $161.84. 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 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 net margin of 13.
10% and a return on equity of 24.45%. During the same quarter in the previous year, the business posted $0.
90 EPS. Research analysts expect that Crane will post 7.87 EPS for the current fiscal year.
Crane Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a $0.23 dividend.
This represents a $0.92 annualized dividend and a yield of 0.69%.
This is an increase from Crane’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 28th.
Crane’s dividend payout ratio is presently 18.18%. Insider Buying and Selling at Crane In related news, VP Alejandro Alcala sold 2,293 shares of the company’s stock in a transaction on Thursday, February 6th.
The shares were sold at an average price of $170.96, for a total transaction of $392,011.28.
Following the completion of the transaction, the vice president now owns 32,963 shares in the company, valued at approximately $5,635,354.48. This represents a 6.
50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Insiders own 2.
12% of the company’s stock. Crane 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.
Further Reading Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane ( NYSE:CR – Free Report ). Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.
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