Crane Co. (NYSE:CR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Crane Co. (NYSE:CR) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,888 shares of the conglomerate’s stock after selling 202 shares during the period. Commonwealth Equity Services LLC’s holdings in Crane were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CR. First Quadrant L P CA purchased a new stake in Crane in the 3rd quarter worth $34,000. Toth Financial Advisory Corp purchased a new stake in shares of Crane during the third quarter worth $57,000. Lazard Asset Management LLC purchased a new stake in shares of Crane during the second quarter worth $71,000. Koshinski Asset Management Inc. purchased a new stake in shares of Crane during the third quarter worth $152,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Crane during the second quarter worth $174,000. Hedge funds and other institutional investors own 70.47% of the company’s stock.

A number of equities research analysts have recently issued reports on CR shares. Morgan Stanley started coverage on shares of Crane in a report on Friday, December 3rd. They set an “equal weight” rating and a $111.00 target price for the company. BMO Capital Markets raised shares of Crane to an “outperform” rating in a report on Monday, September 27th. Zacks Investment Research lowered shares of Crane from a “hold” rating to a “sell” rating and set a $107.00 target price for the company. in a report on Monday, January 3rd. Finally, DA Davidson upped their price objective on shares of Crane from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $113.20.

Shares of CR opened at $106.82 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.72 and a debt-to-equity ratio of 0.47. The firm has a market cap of $6.27 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. The company’s 50 day simple moving average is $102.41 and its 200-day simple moving average is $98.35. Crane Co. has a 12-month low of $72.47 and a 12-month high of $108.67.

Crane (NYSE:CR) last released its earnings results on Sunday, October 24th. The conglomerate reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.53. The company had revenue of $833.50 million during the quarter, compared to the consensus estimate of $770.61 million. Crane had a return on equity of 22.61% and a net margin of 12.86%. Crane’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that Crane Co. will post 6.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 8th. Shareholders of record on Tuesday, November 30th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, November 29th. Crane’s dividend payout ratio (DPR) is 24.82%.

In related news, Director James L. L Tullis sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $104.71, for a total transaction of $209,420.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

About Crane

Crane Co engages in the manufacturing of engineered industrial products. It operates through the following business segments: Fluid Handling; Payment and Merchandising Technologies; Aerospace and Electronics; and Engineered Materials. The Fluid Handling segment provides industrial fluid control products and systems.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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