FORA Capital LLC Has $1.09 Million Position in Crane (NYSE:CR)

FORA Capital LLC boosted its position in Crane (NYSE:CR) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,903 shares of the conglomerate’s stock after buying an additional 1,071 shares during the quarter. FORA Capital LLC’s holdings in Crane were worth $1,093,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Griffin Asset Management Inc. raised its position in Crane by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock valued at $5,388,000 after buying an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Crane by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock worth $529,000 after purchasing an additional 94 shares during the last quarter. UMB Bank n.a. increased its position in shares of Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 99 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Crane by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock worth $1,176,000 after purchasing an additional 104 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Crane by 29.9% during the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock worth $66,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have 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 boosted their price target on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Crane Stock Performance

Shares of NYSE CR opened at $181.72 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $102.80 and a 12 month high of $188.52. The stock has a 50 day moving average of $163.28 and a 200-day moving average of $153.34. The company has a market capitalization of $10.40 billion, a P/E ratio of 40.03, a P/E/G 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 EPS 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 during the quarter, compared to the consensus estimate of $594.45 million. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 annualized dividend and a yield of 0.45%. 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.