FORA Capital LLC boosted its position in Crane (NYSE:CR – Free Report) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,903 shares of the conglomerate’s stock after buying an additional 1,071 shares during the period. FORA Capital LLC’s holdings in Crane were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Crane by 10.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate’s stock valued at $111,882,000 after acquiring an additional 70,297 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Crane by 16.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock valued at $103,748,000 after acquiring an additional 91,029 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Crane by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate’s stock valued at $92,707,000 after acquiring an additional 3,188 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Crane by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 430,543 shares of the conglomerate’s stock valued at $62,420,000 after acquiring an additional 4,276 shares during the period. Finally, Driehaus Capital Management LLC lifted its position in shares of Crane by 12.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock valued at $55,758,000 after acquiring an additional 42,743 shares during the period. 75.14% of the stock is currently owned by institutional investors.
Crane Price Performance
Crane stock opened at $181.72 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 52 week low of $102.80 and a 52 week high of $188.52. The stock has a market capitalization of $10.40 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The stock has a fifty day moving average of $163.28 and a 200-day moving average of $153.34.
Crane Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.45%. Crane’s payout ratio is presently 18.06%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Crane has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.
Check Out Our Latest Stock Report on CR
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.
Further Reading
- Five stocks we like better than Crane
- 3 Best Fintech Stocks for a Portfolio Boost
- DICK’S Sporting Goods: The Under-the-Radar Buy-and-Hold Winner
- How to Calculate Retirement Income: MarketBeat’s Calculator
- 2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ
- Best Stocks Under $10.00
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane (NYSE:CR – Free Report).
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.