Truvestments Capital LLC Invests $56,000 in Crane (NYSE:CR)

Truvestments Capital LLC purchased a new stake in shares of Crane (NYSE:CR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 357 shares of the conglomerate’s stock, valued at approximately $56,000.

Other hedge funds also recently made changes to their positions in the company. Matrix Trust Co bought a new stake in shares of Crane during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Crane during the third quarter valued at approximately $28,000. ORG Wealth Partners LLC bought a new stake in shares of Crane during the third quarter valued at approximately $30,000. ORG Partners LLC bought a new stake in shares of Crane during the second quarter valued at approximately $31,000. Finally, UMB Bank n.a. boosted its position in shares of Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CR shares. Stifel Nicolaus lowered 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 lifted their price objective on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Crane presently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Crane Stock Down 1.8 %

Crane stock opened at $181.72 on Thursday. The stock has a market cap of $10.40 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. 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 one year low of $102.80 and a one year high of $188.52. The stock has a fifty day moving average of $163.28 and a 200 day moving average of $153.34.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The company 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%. Crane’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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 dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio (DPR) is presently 18.06%.

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.