CreativeOne Wealth LLC Sells 134 Shares of Crane (NYSE:CR)

CreativeOne Wealth LLC lowered its stake in Crane (NYSE:CR) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 7,697 shares of the conglomerate’s stock after selling 134 shares during the quarter. CreativeOne Wealth LLC’s holdings in Crane were worth $1,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Crane in the third quarter worth about $95,000. Quantbot Technologies LP increased its stake in Crane by 44.5% in the 3rd quarter. Quantbot Technologies LP now owns 7,717 shares of the conglomerate’s stock worth $1,221,000 after acquiring an additional 2,376 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Crane during the 3rd quarter worth approximately $56,000. Citigroup Inc. boosted its position in shares of Crane by 328.3% during the 3rd quarter. Citigroup Inc. now owns 23,790 shares of the conglomerate’s stock valued at $3,765,000 after acquiring an additional 18,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Crane by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate’s stock valued at $92,707,000 after purchasing an additional 3,188 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Stock Up 0.3 %

NYSE CR opened at $182.08 on Friday. 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 52 week low of $102.80 and a 52 week high of $188.52. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 1.93 and a beta of 0.81. The company has a fifty day moving average of $164.36 and a two-hundred day moving average of $153.73.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping 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 firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 annualized dividend and a dividend yield of 0.45%. Crane’s payout ratio is 18.06%.

Analyst Upgrades and Downgrades

CR has been the subject of several research reports. Stifel Nicolaus lowered shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Crane has an average rating of “Moderate Buy” and a consensus price target of $167.00.

About Crane

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.