Cynosure Group LLC Has $381,000 Holdings in Crane (NYSE:CR)

Cynosure Group LLC lowered its stake in shares of Crane (NYSE:CR) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,409 shares of the conglomerate’s stock after selling 276 shares during the period. Cynosure Group LLC’s holdings in Crane were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co purchased a new stake in Crane during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC bought a new position in shares of Crane during the third quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new position in shares of Crane during the third quarter valued at approximately $30,000. ORG Partners LLC bought a new position in Crane in the second quarter worth about $31,000. Finally, UMB Bank n.a. grew its position in shares of 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 buying an additional 99 shares during the period. Institutional investors own 75.14% of the company’s stock.

Crane Stock Down 1.8 %

NYSE:CR opened at $181.60 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’s 50 day moving average is $163.82 and its two-hundred day moving average is $153.54. The company has a market cap of $10.39 billion, a PE ratio of 40.00, a P/E/G ratio of 1.93 and a beta of 0.81. Crane has a twelve month low of $102.80 and a twelve month high of $188.52.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share 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 firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same quarter in the previous year, the business earned $1.03 EPS. Crane’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts anticipate 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 $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

Wall Street Analyst Weigh In

A number of research firms have commented on CR. Deutsche Bank Aktiengesellschaft lifted their target price on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus cut shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Monday, November 18th. Two research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

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.