MGO One Seven LLC Increases Position in Crane (NYSE:CR)

MGO One Seven LLC lifted its holdings in Crane (NYSE:CR) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,669 shares of the conglomerate’s stock after purchasing an additional 293 shares during the period. MGO One Seven LLC’s holdings in Crane were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Crane by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,695,440 shares of the conglomerate’s stock worth $712,533,000 after buying an additional 14,373 shares in the last quarter. Capital World Investors grew its position in shares of Crane by 16.9% in the fourth quarter. Capital World Investors now owns 2,455,854 shares of the conglomerate’s stock valued at $372,676,000 after purchasing an additional 355,765 shares in the last quarter. Invesco Ltd. grew its position in shares of Crane by 10.7% in the fourth quarter. Invesco Ltd. now owns 1,425,015 shares of the conglomerate’s stock valued at $216,246,000 after purchasing an additional 138,279 shares in the last quarter. Norges Bank purchased a new stake in shares of Crane in the fourth quarter valued at approximately $144,961,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Crane by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 797,880 shares of the conglomerate’s stock valued at $121,080,000 after purchasing an additional 5,509 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crane

In other Crane news, VP Alejandro Alcala sold 2,293 shares of Crane 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 completion of the transaction, the vice president now directly owns 32,963 shares of the company’s stock, valued at $5,635,354.48. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CR. DA Davidson restated a “buy” rating and issued a $200.00 price target on shares of Crane in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their price target on Crane from $170.00 to $144.00 and set a “hold” rating for the company in a research report on Monday, April 14th. UBS Group upped their price target on Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft set a $186.00 price objective on Crane and gave the company a “buy” rating in a report on Monday, April 14th. Finally, StockNews.com cut Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average price target of $170.40.

Crane Trading Down 0.3 %

CR opened at $148.36 on Tuesday. Crane has a 52 week low of $127.04 and a 52 week high of $188.52. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $150.65 and a 200-day simple moving average of $160.07. The firm has a market cap of $8.52 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.93 and a beta of 1.31.

Crane (NYSE:CR) last announced its earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS 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 quarter in the previous year, the business posted $0.90 earnings per share. On average, equities 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 will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.62%. Crane’s dividend payout ratio is currently 18.18%.

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.