Crane (NYSE:CR) Stock Holdings Lessened by Independent Advisor Alliance

Independent Advisor Alliance lowered its stake in Crane (NYSE:CR) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,916 shares of the conglomerate’s stock after selling 121 shares during the period. Independent Advisor Alliance’s holdings in Crane were worth $778,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Crane by 11.9% in the second quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock valued at $27,902,000 after buying an additional 20,518 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Crane by 70.7% in the second quarter. WINTON GROUP Ltd now owns 123,961 shares of the conglomerate’s stock valued at $17,972,000 after buying an additional 51,342 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in Crane during the 2nd quarter valued at $509,000. American Century Companies Inc. raised its stake in Crane by 673.2% during the 2nd quarter. American Century Companies Inc. now owns 82,172 shares of the conglomerate’s stock valued at $11,913,000 after purchasing an additional 71,544 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Crane by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,797 shares of the conglomerate’s stock valued at $16,353,000 after purchasing an additional 4,355 shares during the period. Institutional investors own 75.14% of the company’s stock.

Crane Stock Performance

Shares of CR stock opened at $181.72 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a fifty-two week low of $102.80 and a fifty-two week high of $188.52. The stock’s 50-day moving average is $163.28 and its two-hundred day moving average is $153.34. The firm has a market cap of $10.40 billion, a P/E ratio of 40.03, a PEG ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last issued its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping 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 company had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. Analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.45%. 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 several recent analyst reports. 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 upped their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.