Canada Pension Plan Investment Board Invests $159,000 in Crane (NYSE:CR)

Canada Pension Plan Investment Board acquired a new position in shares of Crane (NYSE:CR) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,100 shares of the conglomerate’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Resolute Capital Asset Partners LLC boosted its position in shares of Crane by 7.0% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 48,146 shares of the conglomerate’s stock worth $6,980,000 after acquiring an additional 3,146 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Crane in the 2nd quarter valued at about $641,000. Kooman & Associates acquired a new stake in shares of Crane in the 2nd quarter valued at about $390,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Crane by 11.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,955 shares of the conglomerate’s stock valued at $718,000 after purchasing an additional 513 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Crane by 6.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 69,852 shares of the conglomerate’s stock valued at $10,127,000 after purchasing an additional 4,054 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CR has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on Crane from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their target price on Crane from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crane presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.

Crane Stock Down 0.8 %

CR opened at $157.40 on Friday. The business has a 50 day moving average price of $151.71 and a two-hundred day moving average price of $144.95. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.00 billion, a PE ratio of 42.20, a P/E/G ratio of 1.93 and a beta of 0.77. Crane has a 52 week low of $82.57 and a 52 week high of $162.34.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, beating the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, August 30th. Crane’s dividend payout ratio (DPR) is 21.98%.

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.