Cynosure Group LLC Has $912,000 Stake in Crane (NYSE:CR)

Cynosure Group LLC raised its position in Crane (NYSE:CR) by 149.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,013 shares of the conglomerate’s stock after purchasing an additional 3,604 shares during the quarter. Cynosure Group LLC’s holdings in Crane were worth $912,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new stake in Crane in the 3rd quarter valued at approximately $37,000. Huntington National Bank boosted its holdings in Crane by 487.8% during the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Crane in the third quarter valued at $45,000. UMB Bank n.a. increased its stake in Crane by 69.1% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate’s stock valued at $56,000 after buying an additional 152 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Crane during the 3rd quarter worth about $86,000. 75.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus reduced their price target on Crane from $176.00 to $170.00 and set a “hold” rating for the company in a research report on Friday, January 24th. DA Davidson restated a “buy” rating and issued a $200.00 price objective on shares of Crane in a research note on Tuesday, March 11th. StockNews.com lowered Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, UBS Group raised their price target on Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Crane has a consensus rating of “Moderate Buy” and a consensus target price of $174.80.

Crane Stock Performance

NYSE CR opened at $154.85 on Wednesday. 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 12-month low of $128.50 and a 12-month high of $188.52. The firm has a 50-day moving average price of $162.12 and a two-hundred day moving average price of $162.13. The company has a market capitalization of $8.89 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.93 and a beta of 1.30.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 27th. The conglomerate reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a net margin of 13.10% and a return on equity of 24.45%. During the same quarter in the previous year, the business earned $0.90 earnings per share. Analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. This is a boost from Crane’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 28th. Crane’s dividend payout ratio is currently 18.18%.

Insider Activity at Crane

In related news, VP Alejandro Alcala sold 2,293 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $170.96, for a total transaction of $392,011.28. Following the sale, the vice president now owns 32,963 shares of the company’s stock, valued at $5,635,354.48. This trade represents a 6.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by insiders.

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.