Crane (NYSE:CR) Stake Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in Crane (NYSE:CR) by 2.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,977 shares of the conglomerate’s stock after selling 430 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Crane were worth $2,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CR. Matrix Trust Co acquired a new position in Crane during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in shares of Crane during the third quarter valued at approximately $28,000. ORG Wealth Partners LLC bought a new stake in Crane during the third quarter worth approximately $30,000. UMB Bank n.a. lifted its position in Crane by 81.8% in the third 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 period. Finally, Quarry LP bought a new position in Crane during the 3rd quarter valued at $37,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crane currently has an average rating of “Moderate Buy” and an average price target of $167.00.

Crane Trading Down 0.7 %

Shares of NYSE CR opened at $164.97 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $106.89 and a 12 month high of $188.52. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.93 and a beta of 0.93. The business has a fifty day simple moving average of $168.19 and a 200-day simple moving average of $156.00.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is 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.