Resonant Capital Advisors LLC Lowers Holdings in Crane (NYSE:CR)

Resonant Capital Advisors LLC reduced its position in shares of Crane (NYSE:CR) by 5.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,543 shares of the conglomerate’s stock after selling 368 shares during the period. Resonant Capital Advisors LLC’s holdings in Crane were worth $1,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CR. Silvercrest Asset Management Group LLC boosted its stake in shares of Crane by 4.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 193,053 shares of the conglomerate’s stock valued at $26,087,000 after purchasing an additional 7,945 shares in the last quarter. Castleark Management LLC lifted its holdings in shares of Crane by 13.7% during the 1st quarter. Castleark Management LLC now owns 33,360 shares of the conglomerate’s stock valued at $4,508,000 after purchasing an additional 4,020 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Crane by 70.1% in the 1st quarter. Russell Investments Group Ltd. now owns 75,410 shares of the conglomerate’s stock worth $10,190,000 after purchasing an additional 31,069 shares in the last quarter. FORA Capital LLC purchased a new position in Crane during the 1st quarter worth $911,000. Finally, Capital International Investors increased its position in Crane by 103.3% during the 1st quarter. Capital International Investors now owns 1,348,451 shares of the conglomerate’s stock valued at $182,216,000 after buying an additional 685,230 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CR. Stifel Nicolaus raised their price target on Crane from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price 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 assigned a buy rating to the company. According to data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average target price of $157.33.

Crane Trading Down 2.1 %

Crane stock opened at $159.79 on Monday. The stock has a 50-day moving average price of $153.83 and a 200 day moving average price of $147.58. The company has a market capitalization 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 has a 52 week low of $82.57 and a 52 week high of $163.48. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last released 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. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $568.33 million. During the same period in the prior year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Crane will post 7.87 EPS for the current 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.