1,331 Shares in Crane (NYSE:CR) Purchased by Consolidated Planning Corp

Consolidated Planning Corp acquired a new stake in Crane (NYSE:CR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,331 shares of the conglomerate’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CR. Matrix Trust Co acquired a new position in shares of Crane during the third quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in Crane during the 3rd quarter worth $28,000. Covestor Ltd grew its stake in shares of Crane by 150.6% in the first quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Crane during the third quarter valued at $30,000. Finally, ORG Partners LLC bought a new stake in shares of Crane during the second quarter valued at about $31,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Crane Stock Performance

NYSE:CR opened at $175.98 on Friday. 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 company has a 50-day moving average of $156.29 and a 200-day moving average of $150.19. Crane has a twelve month low of $99.98 and a twelve month high of $177.24. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm 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 posted $1.03 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.47%. Crane’s dividend payout ratio (DPR) is 18.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CR. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus raised their price objective 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.33.

About Crane

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.