Crane (NYSE:CR) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in shares of Crane (NYSE:CR) by 28.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 499 shares of the conglomerate’s stock after selling 196 shares during the period. TD Private Client Wealth LLC’s holdings in Crane were worth $79,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Crane by 11.9% during the 2nd quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock worth $27,902,000 after acquiring an additional 20,518 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Crane by 70.7% in the 2nd quarter. WINTON GROUP Ltd now owns 123,961 shares of the conglomerate’s stock valued at $17,972,000 after purchasing an additional 51,342 shares in the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of Crane in the 2nd quarter valued at approximately $509,000. American Century Companies Inc. raised its position 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. Finally, Envestnet Asset Management Inc. raised its position in shares of Crane by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,797 shares of the conglomerate’s stock valued at $16,353,000 after purchasing an additional 4,355 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Crane Price Performance

Shares of NYSE CR opened at $164.97 on Monday. Crane has a twelve month low of $106.89 and a twelve month 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 company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The business has a 50 day simple moving average of $168.19 and a 200-day simple moving average of $156.00.

Crane (NYSE:CR) last issued 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 return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.50%. Crane’s payout ratio is currently 18.06%.

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.