Crane (NYSE:CR) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of Crane (NYSE:CR) by 11.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,915 shares of the conglomerate’s stock after purchasing an additional 497 shares during the quarter. XTX Topco Ltd’s holdings in Crane were worth $778,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CR. Matrix Trust Co purchased a new position in Crane during the third quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new position in shares of Crane during the 3rd quarter worth $28,000. ORG Wealth Partners LLC purchased a new position in shares of Crane during the 3rd quarter worth $30,000. ORG Partners LLC acquired a new position in shares of Crane during the 2nd quarter valued at about $31,000. Finally, UMB Bank n.a. grew its holdings in shares of Crane by 81.8% in the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 99 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Crane Price Performance

Shares of CR opened at $170.19 on Thursday. The firm has a 50-day simple moving average of $167.88 and a two-hundred day simple moving average of $155.64. The stock has a market cap of $9.74 billion, a PE ratio of 37.49, a P/E/G ratio of 1.93 and a beta of 0.93. Crane has a 1-year low of $106.33 and a 1-year 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.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is currently 18.06%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CR shares. Stifel Nicolaus downgraded shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

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.