Griffin Asset Management Inc. Decreases Stock Holdings in Crane (NYSE:CR)

Griffin Asset Management Inc. cut its position in shares of Crane (NYSE:CRFree Report) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,854 shares of the conglomerate’s stock after selling 184 shares during the quarter. Griffin Asset Management Inc.’s holdings in Crane were worth $5,137,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CR. Matrix Trust Co acquired a new position in Crane during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in Crane during the third quarter worth about $28,000. ORG Wealth Partners LLC purchased a new stake in Crane during the third quarter worth about $30,000. UMB Bank n.a. boosted its holdings in Crane by 81.8% in the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 99 shares during the period. Finally, Quarry LP purchased a new position in shares of Crane in the 3rd quarter valued at about $37,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their price target on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus dropped their price objective on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Crane currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.80.

Check Out Our Latest Stock Report on Crane

Crane Stock Performance

Shares of CR opened at $156.35 on Tuesday. The stock has a market capitalization of $8.95 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.93 and a beta of 1.22. The company’s fifty day moving average is $163.69 and its two-hundred day moving average is $158.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 1 year low of $110.49 and a 1 year high of $188.52.

Crane (NYSE:CRGet Free Report) last issued its earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) 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 period in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.23 per share. This is a positive change from Crane’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.59%. Crane’s dividend payout ratio is currently 18.06%.

About Crane

(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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Institutional Ownership by Quarter for Crane (NYSE:CR)

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