Fort Washington Investment Advisors Inc. OH Has $13.52 Million Stock Holdings in Crane (NYSE:CR)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Crane (NYSE:CR) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,092 shares of the conglomerate’s stock after selling 35,520 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Crane were worth $13,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in Crane by 16.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock worth $103,748,000 after purchasing an additional 91,029 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Crane by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate’s stock worth $92,707,000 after acquiring an additional 3,188 shares in the last quarter. Driehaus Capital Management LLC boosted its position in Crane by 12.5% during the second quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock valued at $55,758,000 after purchasing an additional 42,743 shares during the last quarter. AQR Capital Management LLC grew its stake in Crane by 11.9% in 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 in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Crane by 5.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 183,725 shares of the conglomerate’s stock worth $29,080,000 after purchasing an additional 8,899 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Crane Stock Performance

NYSE CR opened at $161.72 on Thursday. The stock has a market cap of $9.26 billion, a PE ratio of 21.42, a P/E/G ratio of 1.93 and a beta of 1.22. 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 firm has a 50-day moving average of $164.46 and a 200-day moving average of $158.00. Crane has a 52-week low of $110.49 and a 52-week high of $188.52.

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

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.51%. Crane’s payout ratio is 18.06%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CR shares. Stifel Nicolaus cut shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research note on Monday, November 18th. UBS Group lifted their price objective on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Crane has a consensus rating of “Moderate Buy” and a consensus target price of $168.00.

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.