Gotham Asset Management LLC Has $5.38 Million Stake in Crane (NYSE:CR)

Gotham Asset Management LLC trimmed its position in shares of Crane (NYSE:CR) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,481 shares of the conglomerate’s stock after selling 4,316 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Crane worth $5,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Huntington National Bank lifted its holdings in shares of Crane by 487.8% during the 4th quarter. Huntington National Bank now owns 241 shares of the conglomerate’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Crane by 69.1% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate’s stock valued at $56,000 after buying an additional 152 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Crane by 17.8% during the 4th quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock valued at $89,000 after buying an additional 88 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Crane during the 4th quarter valued at about $101,000. Finally, Quarry LP raised its stake in shares of Crane by 250.6% in the 4th quarter. Quarry LP now owns 817 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 584 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CR. UBS Group raised Crane from a “neutral” rating to a “buy” rating and raised their price objective for the company from $157.00 to $190.00 in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft set a $186.00 price objective on Crane and gave the company a “buy” rating in a research note on Monday, April 14th. StockNews.com downgraded Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. DA Davidson reissued a “buy” rating and issued a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus lifted their price target on Crane from $144.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.20.

Crane Stock Performance

Shares of NYSE CR opened at $175.95 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $152.25 and its two-hundred day moving average is $160.91. The company has a market cap of $10.12 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.93 and a beta of 1.28. Crane has a 12 month low of $127.04 and a 12 month high of $188.52.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, April 28th. The conglomerate reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $557.60 million for the quarter, compared to the consensus estimate of $546.93 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. On average, equities analysts expect 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, June 11th. Stockholders of record on Friday, May 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, May 30th. Crane’s dividend payout ratio is presently 15.94%.

Crane 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.