Crane (NYSE:CR) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its stake in shares of Crane (NYSE:CR) by 12.3% in the fourth quarter, HoldingsChannel.com reports. 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 SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Huntington National Bank boosted its holdings in Crane by 487.8% in the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. boosted its holdings in Crane by 69.1% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 152 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crane in the third quarter valued at approximately $86,000. Jones Financial Companies Lllp boosted its holdings in Crane by 17.8% in the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 88 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Crane in the fourth quarter valued at approximately $101,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CR shares. StockNews.com downgraded Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Crane from $170.00 to $144.00 and set a “hold” rating for the company in a report on Monday, April 14th. UBS Group increased their price objective on Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. DA Davidson reissued a “buy” rating and issued a $200.00 price objective on shares of Crane in a report 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 report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.40.

Crane Price Performance

Crane stock opened at $148.36 on Tuesday. Crane has a 12 month low of $127.04 and a 12 month high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The business has a 50 day simple moving average of $150.65 and a 200-day simple moving average of $160.07. The stock has a market capitalization of $8.52 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.90 earnings per share. Equities analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently disclosed 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 payout ratio is 18.18%.

Insiders Place Their Bets

In other Crane news, VP Alejandro Alcala sold 2,293 shares of the 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 completion of the transaction, the vice president now owns 32,963 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is currently owned by company insiders.

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.