Crane (NYSE:CR) Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its position in Crane (NYSE:CR) by 27.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,799 shares of the conglomerate’s stock after acquiring an additional 2,125 shares during the quarter. Vest Financial LLC’s holdings in Crane were worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in Crane in the third quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Crane during the 3rd quarter valued at approximately $28,000. Covestor Ltd lifted its position in shares of Crane by 150.6% during the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 131 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Crane during the 3rd quarter valued at approximately $30,000. Finally, ORG Partners LLC acquired a new stake in shares of Crane during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

CR has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on shares of Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.33.

Crane Trading Down 2.1 %

Shares of CR opened at $159.79 on Monday. 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 50 day simple moving average of $153.83 and a 200-day simple moving average of $147.58. Crane has a 1-year low of $82.57 and a 1-year high of $163.48. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77.

Crane (NYSE:CR) last released its earnings results on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, topping the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Equities analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

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.