Commonwealth Equity Services LLC Buys 706 Shares of Crane (NYSE:CR)

Commonwealth Equity Services LLC increased its stake in shares of Crane (NYSE:CRFree Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,447 shares of the conglomerate’s stock after acquiring an additional 706 shares during the period. Commonwealth Equity Services LLC’s holdings in Crane were worth $1,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp increased its position in Crane by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 341 shares of the conglomerate’s stock worth $40,000 after buying an additional 99 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Crane during the fourth quarter worth approximately $90,000. Claret Asset Management Corp acquired a new position in Crane during the fourth quarter worth approximately $201,000. Raymond James Trust N.A. acquired a new position in Crane during the fourth quarter worth approximately $203,000. Finally, Sutton Place Investors LLC acquired a new position in Crane during the first quarter worth approximately $206,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CR shares. Vertical Research raised Crane from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group increased their target price on Crane from $120.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. DA Davidson increased their target price on Crane from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $157.00 target price on shares of Crane in a research note on Wednesday, May 15th. Finally, StockNews.com upgraded Crane from a “hold” rating to a “buy” rating in a research note on Saturday, April 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Crane currently has an average rating of “Moderate Buy” and an average price target of $143.67.

Check Out Our Latest Stock Analysis on Crane

Crane Price Performance

Crane stock opened at $142.84 on Monday. The stock’s fifty day moving average price is $144.41 and its two-hundred day moving average price is $132.08. Crane has a one year low of $82.57 and a one year high of $150.01. 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 firm has a market cap of $8.16 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80.

Crane (NYSE:CRGet Free Report) last posted its quarterly earnings data on Monday, April 22nd. The conglomerate reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $565.30 million for the quarter, compared to analyst estimates of $546.39 million. During the same quarter last year, the company earned $1.25 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, May 31st. Crane’s dividend payout ratio is presently 21.98%.

Crane Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Crane (NYSE:CR)

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