Crane (NYSE:CR) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its position in Crane (NYSE:CR) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,366 shares of the conglomerate’s stock after selling 1,575 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Crane were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. lifted its stake in shares of Crane by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock worth $5,388,000 after purchasing an additional 90 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Crane by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock worth $529,000 after purchasing an additional 94 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Crane by 81.8% during the third 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. SummerHaven Investment Management LLC lifted its stake in shares of Crane by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock worth $1,176,000 after purchasing an additional 104 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Crane by 29.9% during the second quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock worth $66,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

CR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Crane Stock Down 0.5 %

Shares of Crane stock opened at $177.88 on Thursday. 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 firm has a market cap of $10.18 billion, a P/E ratio of 39.18, a P/E/G ratio of 1.93 and a beta of 0.81. Crane has a fifty-two week low of $102.80 and a fifty-two week high of $188.52. The business has a 50-day moving average price of $165.95 and a 200 day moving average price of $154.58.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.06. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. Crane’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. On average, sell-side analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio is currently 18.06%.

Crane Company 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.