Segall Bryant & Hamill LLC Grows Stake in Crane (NYSE:CR)

Segall Bryant & Hamill LLC grew its holdings in shares of Crane (NYSE:CR) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,725 shares of the conglomerate’s stock after buying an additional 8,899 shares during the period. Segall Bryant & Hamill LLC owned 0.32% of Crane worth $29,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Matrix Trust Co bought a new stake in shares of Crane during the 3rd quarter valued at $25,000. V Square Quantitative Management LLC purchased a new position in Crane during the 3rd quarter valued at about $28,000. Covestor Ltd boosted its stake in Crane by 150.6% during the first quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Crane in the third quarter worth about $30,000. Finally, ORG Partners LLC purchased a new stake in Crane in the second quarter worth about $31,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CR has been the subject of several recent research 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 report on Thursday, October 3rd. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Crane currently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Crane Price Performance

NYSE CR opened at $178.50 on Wednesday. The stock has a 50-day moving average of $160.07 and a 200 day moving average of $151.97. 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 company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 1.93 and a beta of 0.81. Crane has a one year low of $102.80 and a one year high of $180.87.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side 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 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 dividend payout ratio (DPR) is presently 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.