Crane (NYSE:CR) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its position in shares of Crane (NYSE:CR) by 28.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 499 shares of the conglomerate’s stock after selling 196 shares during the quarter. TD Private Client Wealth LLC’s holdings in Crane were worth $79,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CR. Matrix Trust Co purchased a new stake in Crane during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in Crane during the 3rd quarter worth about $28,000. ORG Wealth Partners LLC purchased a new stake in Crane during the 3rd quarter worth about $30,000. UMB Bank n.a. increased its position in Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Finally, Quarry LP purchased a new stake in Crane during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Down 0.7 %

CR opened at $164.97 on Monday. 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 has a 12 month low of $106.89 and a 12 month high of $188.52. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The business has a 50-day moving average of $168.19 and a two-hundred day moving average of $156.00.

Crane (NYSE:CR) last issued its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Crane Profile

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.