Crane (NYSE:CR) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC lowered its position in shares of Crane (NYSE:CR) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,585 shares of the conglomerate’s stock after selling 112 shares during the quarter. CreativeOne Wealth LLC’s holdings in Crane were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Crane by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate’s stock worth $2,371,000 after buying an additional 65 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Crane by 5.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate’s stock worth $221,000 after purchasing an additional 71 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in Crane by 5.3% in the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 72 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Crane by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock valued at $2,845,000 after purchasing an additional 85 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Crane by 17.8% during the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CR shares. UBS Group increased their target price on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Stifel Nicolaus cut their target price on Crane from $170.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday. StockNews.com cut Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. DA Davidson reiterated a “buy” rating and set a $200.00 target price on shares of Crane in a research note on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft set a $186.00 price objective on Crane and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.40.

Insider Activity at Crane

In other Crane news, VP Alejandro Alcala sold 2,293 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $170.96, for a total value of $392,011.28. Following the sale, the vice president now owns 32,963 shares of the company’s stock, valued at approximately $5,635,354.48. This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.12% of the company’s stock.

Crane Price Performance

Shares of NYSE:CR opened at $141.29 on Thursday. Crane has a 52 week low of $127.04 and a 52 week high of $188.52. The company has a 50-day moving average price of $155.12 and a 200 day moving average price of $160.77. The company has a market cap of $8.11 billion, a P/E ratio of 18.71, a PEG ratio of 1.93 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.90 earnings per share. Research analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Crane’s previous quarterly dividend of $0.21. Crane’s dividend payout ratio (DPR) is currently 18.18%.

About Crane

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.