UMB Bank n.a. Acquires 152 Shares of Crane (NYSE:CR)

UMB Bank n.a. boosted its holdings in shares of Crane (NYSE:CR) by 69.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372 shares of the conglomerate’s stock after buying an additional 152 shares during the quarter. UMB Bank n.a.’s holdings in Crane were worth $56,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in Crane by 16.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock valued at $103,748,000 after acquiring an additional 91,029 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Crane by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate’s stock valued at $92,707,000 after purchasing an additional 3,188 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of Crane by 12.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock worth $55,758,000 after purchasing an additional 42,743 shares in the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 20,518 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in Crane by 5.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 183,725 shares of the conglomerate’s stock valued at $29,080,000 after buying an additional 8,899 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CR. Stifel Nicolaus lowered their price target on Crane from $176.00 to $170.00 and set a “hold” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, UBS Group raised their price target on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.80.

Crane Stock Performance

Shares of NYSE CR opened at $161.21 on Friday. 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 50 day simple moving average of $163.99 and a two-hundred day simple moving average of $158.16. Crane has a 12 month low of $110.49 and a 12 month high of $188.52. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.06. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, analysts predict 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. Shareholders of record on Friday, November 29th were given a $0.205 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.82 annualized dividend and a yield of 0.51%. Crane’s dividend payout ratio 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.