Crane (NYSE:CR) Holdings Lifted by Walleye Capital LLC

Walleye Capital LLC increased its holdings in shares of Crane (NYSE:CR) by 67.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,535 shares of the conglomerate’s stock after buying an additional 37,581 shares during the quarter. Walleye Capital LLC owned 0.16% of Crane worth $14,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Crane by 11.9% during the second quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock valued at $27,902,000 after purchasing an additional 20,518 shares during the last quarter. WINTON GROUP Ltd boosted its position in Crane by 70.7% during the second quarter. WINTON GROUP Ltd now owns 123,961 shares of the conglomerate’s stock valued at $17,972,000 after purchasing an additional 51,342 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in Crane during the second quarter valued at $509,000. American Century Companies Inc. boosted its position in Crane by 673.2% during the second quarter. American Century Companies Inc. now owns 82,172 shares of the conglomerate’s stock valued at $11,913,000 after purchasing an additional 71,544 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Crane by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 112,797 shares of the conglomerate’s stock valued at $16,353,000 after purchasing an additional 4,355 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Trading Up 0.3 %

Crane stock opened at $182.08 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The business’s 50-day simple moving average is $164.36 and its 200-day simple moving average is $153.73. The firm has a market capitalization of $10.42 billion, a PE ratio of 40.11, a PEG ratio of 1.93 and a beta of 0.81. Crane has a 52 week low of $102.80 and a 52 week high of $188.52.

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

Crane Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CR. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price target 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 research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Crane has an average rating of “Moderate Buy” and an average target price 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.