2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. decreased its stake in Crane ( NYSE:CR – Free Report ) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 44,521 shares of the conglomerate’s stock after selling 6,817 shares during the period. Russell Investments Group Ltd. owned approximately 0.
08% of Crane worth $6,756,000 as of its most recent SEC filing. A number of other institutional investors have also recently added to or reduced their stakes in CR. Norges Bank purchased a new stake in shares of Crane in the 4th quarter worth about $144,961,000.
Alliancebernstein L.P. lifted its holdings in shares of Crane by 619.
4% in the fourth quarter. Alliancebernstein L.P.
now owns 499,656 shares of the conglomerate’s stock valued at $75,823,000 after purchasing an additional 430,201 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Crane in the fourth quarter valued at approximately $45,127,000. Raymond James Financial Inc.
acquired a new position in shares of Crane during the 4th quarter worth approximately $12,890,000. Finally, Vaughan Nelson Investment Management L.P.
lifted its stake in Crane by 36.5% in the 4th quarter. Vaughan Nelson Investment Management L.
P. now owns 132,238 shares of the conglomerate’s stock valued at $20,068,000 after buying an additional 35,340 shares in the last quarter. Hedge funds and other institutional investors own 75.
14% of the company’s stock. Crane Stock Up 0.2 % CR opened at $140.
81 on Monday. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 18.
65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.
Crane has a 12 month low of $127.04 and a 12 month high of $188.52.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.
88. The business has a 50-day moving average of $156.99 and a two-hundred day moving average of $161.
15. Crane Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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.
65%. The ex-dividend date was Friday, February 28th. This is an increase from Crane’s previous quarterly dividend of $0.
21. Crane’s payout ratio is 18.18%.
Insiders Place Their Bets In other news, VP Alejandro Alcala sold 2,293 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $170.96, for a total value of $392,011.
28. Following the completion of the sale, the vice president now owns 32,963 shares of the company’s stock, valued at $5,635,354.48.
This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
2.12% of the stock is currently owned by insiders. Analyst Ratings Changes Several equities analysts have weighed in on CR shares.
UBS Group raised their price target on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd.
Stifel Nicolaus cut their target price on shares of Crane from $176.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, January 24th.
DA Davidson reaffirmed a “buy” rating and set a $200.00 price target on shares of Crane in a research note on Tuesday, March 11th. Finally, StockNews.
com lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average price target of $174.80. Read Our Latest Research Report on Crane About Crane ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane ( NYSE:CR – Free Report ).
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