Seelaus Asset Management LLC Sells 400 Shares of Crane (NYSE:CR)

Seelaus Asset Management LLC lessened its holdings in Crane (NYSE:CR) by 15.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,225 shares of the conglomerate’s stock after selling 400 shares during the period. Seelaus Asset Management LLC’s holdings in Crane were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Crane Price Performance

Shares of CR stock opened at $173.51 on Friday. The firm’s 50 day moving average price is $158.85 and its two-hundred day moving average price is $151.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 52-week low of $102.80 and a 52-week high of $180.87. The stock has a market cap of $9.93 billion, a PE ratio of 38.22, a PEG ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $594.45 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, November 29th. Crane’s dividend payout ratio is currently 18.06%.

Wall Street Analyst Weigh In

CR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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 price target on shares of Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.33.

Crane 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.