Sei Investments Co. Has $6.81 Million Stock Holdings in Crane (NYSE:CR)

Sei Investments Co. decreased its position in shares of Crane (NYSE:CR) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,876 shares of the conglomerate’s stock after selling 5,453 shares during the quarter. Sei Investments Co. owned about 0.08% of Crane worth $6,810,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Crane in the third quarter worth about $515,000. Raymond James Financial Inc. bought a new stake in Crane during the 4th quarter worth approximately $12,890,000. Citigroup Inc. raised its holdings in Crane by 328.3% during the 3rd quarter. Citigroup Inc. now owns 23,790 shares of the conglomerate’s stock worth $3,765,000 after buying an additional 18,236 shares during the period. Rhumbline Advisers lifted its stake in Crane by 2.2% in the fourth quarter. Rhumbline Advisers now owns 135,191 shares of the conglomerate’s stock valued at $20,515,000 after buying an additional 2,953 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in shares of Crane by 50.5% in the fourth quarter. Twelve Points Wealth Management LLC now owns 9,535 shares of the conglomerate’s stock valued at $1,447,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CR has been the topic of a number of research analyst reports. StockNews.com lowered shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. DA Davidson reissued a “buy” rating and issued a $200.00 price target on shares of Crane in a research note on Tuesday, March 11th. UBS Group upped their price objective on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus dropped their target price on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.80.

Insiders Place Their Bets

In related news, VP Alejandro Alcala sold 2,293 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $170.96, for a total value of $392,011.28. Following the sale, the vice president now owns 32,963 shares in the company, valued at approximately $5,635,354.48. This represents a 6.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.

Crane Trading Up 1.2 %

Crane stock opened at $153.77 on Tuesday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.93 and a beta of 1.30. The firm has a 50-day moving average of $162.28 and a 200-day moving average of $162.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a one year low of $128.50 and a one year high of $188.52.

Crane (NYSE:CR) last released its earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a return on equity of 24.45% and a net margin of 13.10%. During the same quarter last year, the firm earned $0.90 EPS. On average, equities analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. This is an increase from Crane’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 28th. Crane’s payout ratio is presently 18.18%.

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.