Crane (NYSE:CR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Crane (NYSE:CR) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,425 shares of the conglomerate’s stock after selling 452 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Crane were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Select Equity Group L.P. bought a new stake in shares of Crane in the second quarter worth $21,159,000. Hantz Financial Services Inc. bought a new stake in shares of Crane in the 2nd quarter worth about $16,205,000. American Century Companies Inc. raised its stake in shares of Crane by 673.2% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Crane by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate’s stock worth $111,882,000 after purchasing an additional 70,297 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in Crane by 108.8% in the second quarter. Retirement Systems of Alabama now owns 128,104 shares of the conglomerate’s stock worth $18,573,000 after purchasing an additional 66,747 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Trading Up 0.3 %

NYSE CR opened at $182.08 on Friday. The company has a market capitalization of $10.42 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. Crane has a 1-year low of $102.80 and a 1-year high of $188.52. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $164.36 and its 200-day simple moving average is $153.73.

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

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio (DPR) is currently 18.06%.

Analyst Ratings Changes

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

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.