Occudo Quantitative Strategies LP Sells 1,072 Shares of Crane (NYSE:CR)

Occudo Quantitative Strategies LP lessened its stake in shares of Crane (NYSE:CR) by 37.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,782 shares of the conglomerate’s stock after selling 1,072 shares during the period. Occudo Quantitative Strategies LP’s holdings in Crane were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank lifted its position in shares of Crane by 487.8% in the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Crane by 69.1% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 152 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Crane by 17.8% in the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 88 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Crane in the fourth quarter valued at about $101,000. Finally, Quarry LP lifted its position in shares of Crane by 250.6% in the fourth quarter. Quarry LP now owns 817 shares of the conglomerate’s stock worth $124,000 after buying an additional 584 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

CR has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on Crane from $144.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $186.00 target price on Crane and gave the stock a “buy” rating in a research report on Monday, April 14th. StockNews.com downgraded Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. UBS Group upgraded Crane from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $157.00 to $190.00 in a research report on Tuesday, April 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $200.00 target price on shares of Crane in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Crane currently has an average rating of “Moderate Buy” and an average target price of $178.20.

Crane Trading Up 1.1%

Shares of CR stock opened at $178.05 on Friday. Crane has a 1 year low of $127.04 and a 1 year high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $153.56 and its two-hundred day simple moving average is $161.30. The company has a market cap of $10.24 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.28.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $557.60 million for the quarter, compared to the consensus estimate of $546.93 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 0.52%. Crane’s dividend payout ratio (DPR) 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.