Edgestream Partners L.P. Sells 229 Shares of Crane (NYSE:CR)

Edgestream Partners L.P. decreased its holdings in Crane (NYSE:CR) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,750 shares of the conglomerate’s stock after selling 229 shares during the quarter. Edgestream Partners L.P.’s holdings in Crane were worth $277,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CR. Verition Fund Management LLC increased its stake in shares of Crane by 11.1% in the third quarter. Verition Fund Management LLC now owns 8,037 shares of the conglomerate’s stock valued at $1,272,000 after buying an additional 806 shares during the period. Walleye Capital LLC boosted its holdings in Crane by 67.2% in the third quarter. Walleye Capital LLC now owns 93,535 shares of the conglomerate’s stock valued at $14,805,000 after acquiring an additional 37,581 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Crane by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,902 shares of the conglomerate’s stock valued at $1,726,000 after purchasing an additional 210 shares during the period. FORA Capital LLC raised its holdings in Crane by 18.4% during the 3rd quarter. FORA Capital LLC now owns 6,903 shares of the conglomerate’s stock worth $1,093,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Crane in the 3rd quarter worth approximately $95,000. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average target price of $167.00.

Crane Trading Up 0.1 %

NYSE:CR opened at $176.37 on Friday. Crane has a 12 month low of $102.80 and a 12 month high of $188.52. 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 stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.93 and a beta of 0.93. The firm has a fifty day simple moving average of $167.08 and a two-hundred day simple moving average of $155.10.

Crane (NYSE:CR) last issued its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating the consensus estimate of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. During the same period last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, November 29th. Crane’s dividend payout ratio is currently 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.