Crane $CR Stock Holdings Increased by Brighton Jones LLC

Brighton Jones LLC lifted its holdings in Crane (NYSE:CR – Free Report) by 110.7% during the third quarter, Holdings Channel reports. The institutional investor owned 6,258 shares of the conglomerate’s stock after acquiring an additional 3,288 shares during the quarter. Brighton Jones LLC’s holdings in Crane were worth $1,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CR. Dimensional Fund Advisors LP lifted its position in Crane by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock valued at $144,622,000 after acquiring an additional 3,678 shares during the period. Janus Henderson Group PLC increased its stake in shares of Crane by 24.5% during the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after purchasing an additional 71,086 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Crane by 7.9% during the first quarter. The Manufacturers Life Insurance Company now owns 263,166 shares of the conglomerate’s stock valued at $45,001,000 after purchasing an additional 19,247 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Crane by 1,652.8% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate’s stock valued at $38,174,000 after purchasing an additional 210,502 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Crane by 4.3% during the first quarter. Bessemer Group Inc. now owns 202,863 shares of the conglomerate’s stock valued at $34,689,000 after purchasing an additional 8,299 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crane news, Director James Tullis sold 614 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares of the company’s stock, valued at approximately $1,219,725. The trade was a 10.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CR. DA Davidson set a $255.00 price target on Crane in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on Crane in a research report on Tuesday, September 1st. Zacks Research upgraded Crane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 4th. Stifel Nicolaus boosted their target price on Crane from $242.00 to $247.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Weiss Ratings cut Crane from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $242.00.

Read Our Latest Report on CR

Crane Stock Down 0.3%

Crane stock opened at $209.48 on Wednesday. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.14 and a beta of 1.03. The stock has a fifty day simple moving average of $202.14 and a two-hundred day simple moving average of $198.27. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.40.

Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The conglomerate reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.23. The firm had revenue of $756.70 million during the quarter, compared to analysts’ expectations of $737.08 million. Crane had a return on equity of 19.17% and a net margin of 12.41%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share. Equities analysts predict that Crane will post 7.34 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Monday, November 30th will be issued a $0.2550 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, November 30th. Crane’s dividend payout ratio (DPR) is presently 17.53%.

About Crane

(Free Report)

Crane Company is a diversified manufacturer of engineered industrial products serving customers in aerospace, defense and process industries. Founded in 1855 by Richard Teller Crane, the company is headquartered in Stamford, Connecticut, and serves markets around the world. Its Aerospace & Electronics business makes products and systems used in commercial and military aircraft, including sensing and control technologies, power solutions and microwave components. Its Process Flow Technologies business supplies pumps, valves and related equipment for managing the movement and control of fluids in industrial applications.

Further Reading

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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