iSAM Funds UK Ltd Buys New Holdings in Crane (NYSE:CR)

iSAM Funds UK Ltd bought a new stake in shares of Crane (NYSE:CR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,361 shares of the conglomerate’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CR. Griffin Asset Management Inc. increased its stake in Crane by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock worth $5,388,000 after acquiring an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Crane by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock worth $529,000 after acquiring an additional 94 shares during the last quarter. UMB Bank n.a. increased its stake in Crane by 81.8% in the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 99 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Crane by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock worth $1,176,000 after acquiring an additional 104 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Crane by 29.9% in the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock worth $66,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Price Performance

Shares of Crane stock opened at $176.37 on Friday. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a 50 day moving average price of $167.08 and a 200-day moving average price of $155.15. Crane has a one year low of $102.80 and a one year high of $188.52.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Equities analysts expect that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, November 29th. Crane’s payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

CR has been the topic of a number of research reports. 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.