Crane (NYSE:CR) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC raised its stake in shares of Crane (NYSE:CR) by 242.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,778 shares of the conglomerate’s stock after buying an additional 4,800 shares during the period. Oak Thistle LLC’s holdings in Crane were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CR. Y Intercept Hong Kong Ltd acquired a new position in shares of Crane during the third quarter valued at approximately $515,000. AQR Capital Management LLC lifted its position in Crane by 11.9% in the second quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock worth $27,902,000 after purchasing an additional 20,518 shares during the period. Envestnet Asset Management Inc. boosted its stake in Crane by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,797 shares of the conglomerate’s stock valued at $16,353,000 after purchasing an additional 4,355 shares in the last quarter. American Century Companies Inc. increased its position in shares of Crane by 673.2% during the 2nd quarter. American Century Companies Inc. now owns 82,172 shares of the conglomerate’s stock valued at $11,913,000 after purchasing an additional 71,544 shares during the period. Finally, Driehaus Capital Management LLC raised its stake in shares of Crane by 12.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock worth $55,758,000 after buying an additional 42,743 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Crane Stock Up 2.6 %

Shares of Crane stock opened at $154.75 on Thursday. Crane has a 12-month low of $110.49 and a 12-month high of $188.52. The firm has a market capitalization of $8.86 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. 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 stock’s fifty day moving average is $166.64 and its 200-day moving average is $157.50.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is 18.06%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, UBS Group lifted their price objective on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.00.

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.