Crane (NYSE:CR) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Crane (NYSE:CR) by 13.1% during the third quarter, Holdings Channel.com reports. The firm owned 2,001 shares of the conglomerate’s stock after buying an additional 231 shares during the quarter. Quantinno Capital Management LP’s holdings in Crane were worth $317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Crane by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock valued at $529,000 after acquiring an additional 94 shares during the period. Blue Trust Inc. increased its position in shares of Crane by 29.9% during the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock valued at $66,000 after purchasing an additional 112 shares during the period. Raymond James & Associates increased its position in shares of Crane by 1.9% during the 2nd quarter. Raymond James & Associates now owns 69,790 shares of the conglomerate’s stock valued at $10,118,000 after purchasing an additional 1,309 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Crane in the 2nd quarter worth $123,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Crane in the second quarter valued at $241,000. 75.14% of the stock is currently owned by institutional investors.

Crane Price Performance

NYSE CR opened at $164.97 on Monday. 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 1 year low of $106.89 and a 1 year high of $188.52. The company has a market cap of $9.44 billion, a PE ratio of 36.34, a PEG ratio of 1.93 and a beta of 0.93. The stock’s 50-day moving average price is $168.19 and its two-hundred day moving average price is $156.00.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. 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 previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s payout ratio is 18.06%.

Wall Street Analyst Weigh In

CR has been the topic of several research reports. Stifel Nicolaus cut shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research report on Monday, November 18th. 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 report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.00.

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.