Venture Visionary Partners LLC Purchases 461 Shares of Crane (NYSE:CR)

Venture Visionary Partners LLC grew its position in Crane (NYSE:CR) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,446 shares of the conglomerate’s stock after acquiring an additional 461 shares during the period. Venture Visionary Partners LLC owned 0.06% of Crane worth $5,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Crane by 5.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 68,012 shares of the conglomerate’s stock valued at $10,765,000 after purchasing an additional 3,500 shares during the period. Vest Financial LLC increased its position in shares of Crane by 27.7% during the third quarter. Vest Financial LLC now owns 9,799 shares of the conglomerate’s stock worth $1,551,000 after acquiring an additional 2,125 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Crane by 43.1% in the 3rd quarter. Blue Trust Inc. now owns 697 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 210 shares during the period. Stonegate Investment Group LLC bought a new stake in Crane in the 3rd quarter valued at approximately $216,000. Finally, V Square Quantitative Management LLC acquired a new position in Crane during the third quarter worth $28,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Crane Stock Performance

CR traded down $1.29 during trading hours on Monday, reaching $158.50. The company’s stock had a trading volume of 121,465 shares, compared to its average volume of 228,759. 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 company’s 50-day moving average is $153.83 and its 200-day moving average is $147.65. Crane has a 52 week low of $82.57 and a 52 week high of $163.48. The firm has a market cap of $9.06 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77.

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

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.