Crane (NYSE:CR) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its position in Crane (NYSE:CR) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,476 shares of the conglomerate’s stock after selling 97 shares during the quarter. Signaturefd LLC’s holdings in Crane were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CR. Griffin Asset Management Inc. lifted its holdings in shares of Crane by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock valued at $5,388,000 after purchasing an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Crane by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock valued at $529,000 after purchasing an additional 94 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Crane by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,176,000 after purchasing an additional 104 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Crane by 29.9% during the second quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock valued at $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.

Crane Stock Down 1.0 %

NYSE:CR opened at $149.06 on Friday. 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 1-year low of $90.91 and a 1-year high of $163.48. The business’s fifty day moving average price is $154.09 and its 200 day moving average price is $148.09. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.93 and a beta of 0.77.

Crane (NYSE:CR) last issued its earnings results on Monday, July 29th. The conglomerate reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $568.33 million. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus upped their price target on Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.33.

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.