Signaturefd LLC Has $234,000 Stake in Crane (NYSE:CR)

Signaturefd LLC decreased its stake in shares of Crane (NYSE:CR) by 6.2% during the third quarter, HoldingsChannel.com reports. The fund owned 1,476 shares of the conglomerate’s stock after selling 97 shares during the period. Signaturefd LLC’s holdings in Crane were worth $234,000 as of its most recent SEC filing.

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

Crane Price Performance

Shares of CR stock opened at $149.06 on Friday. The stock has a 50 day moving average of $154.09 and a two-hundred day moving average of $148.09. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $90.91 and a 12 month high of $163.48. The company has a market capitalization of $8.52 billion, a P/E ratio of 39.96, a P/E/G ratio of 1.93 and a beta of 0.77.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.06. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. As a group, equities analysts expect that Crane will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CR shares. Deutsche Bank Aktiengesellschaft increased their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their target price on Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.33.

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.