Crane (NYSE:CR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in Crane (NYSE:CR) by 20.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 61,963 shares of the conglomerate’s stock after selling 16,328 shares during the quarter. Natixis Advisors LLC’s holdings in Crane were worth $9,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CR. Matrix Trust Co bought a new position in Crane during the third quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in Crane during the 3rd quarter worth about $28,000. Covestor Ltd boosted its position in Crane by 150.6% during the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $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 about $30,000. Finally, ORG Partners LLC acquired a new stake in shares of Crane during the 2nd quarter valued at about $31,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Crane Price Performance

Crane stock opened at $183.16 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market cap of $10.48 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.93 and a beta of 0.81. The business’s fifty day moving average is $161.36 and its two-hundred day moving average is $152.38. Crane has a 52 week low of $102.80 and a 52 week high of $183.24.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $594.45 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 29th. Crane’s dividend payout ratio (DPR) is presently 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.