QS Investors LLC Has $439,000 Holdings in Crane Co. (CR)

QS Investors LLC cut its position in shares of Crane Co. (NYSE:CR) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,917 shares of the conglomerate’s stock after selling 4,762 shares during the period. QS Investors LLC’s holdings in Crane were worth $439,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fruth Investment Management purchased a new stake in shares of Crane in the 4th quarter valued at approximately $205,000. Levin Capital Strategies L.P. purchased a new stake in shares of Crane in the 4th quarter valued at approximately $208,000. Vident Investment Advisory LLC purchased a new stake in shares of Crane in the 3rd quarter valued at approximately $209,000. JOYN Advisors Inc. purchased a new stake in shares of Crane in the 4th quarter valued at approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Crane by 51.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,695 shares of the conglomerate’s stock valued at $240,000 after acquiring an additional 917 shares during the period. 69.35% of the stock is currently owned by institutional investors.

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Crane stock opened at $91.28 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.81 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5,444.40, a P/E ratio of 32.14, a P/E/G ratio of 1.27 and a beta of 1.23. Crane Co. has a twelve month low of $70.56 and a twelve month high of $102.65.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $714.20 million during the quarter, compared to analysts’ expectations of $702.50 million. Crane had a net margin of 6.17% and a return on equity of 20.66%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. research analysts expect that Crane Co. will post 5.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Wednesday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Crane’s previous quarterly dividend of $0.33. Crane’s payout ratio is 49.30%.

In other Crane news, Director E Thayer Bigelow sold 1,125 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.74, for a total transaction of $106,582.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Augustus I. Dupont sold 16,396 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the transaction, the vice president now owns 102,994 shares of the company’s stock, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. Insiders sold 46,861 shares of company stock valued at $4,476,647 in the last 90 days. Company insiders own 3.10% of the company’s stock.

A number of research firms have recently issued reports on CR. Oppenheimer reissued a “buy” rating and issued a $105.00 price target (up from $92.00) on shares of Crane in a research note on Wednesday, January 31st. Canaccord Genuity reduced their price target on shares of Crane from $100.00 to $99.95 in a research note on Wednesday, January 31st. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their price target on shares of Crane from $104.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Crane from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $106.50.

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Crane Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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