Crane Company (CR) Position Raised by Financial Engines Advisors L.L.C.
Financial Engines Advisors L.L.C. increased its stake in shares of Crane Company (NYSE:CR) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,796 shares of the conglomerate’s stock after buying an additional 4,336 shares during the period. Crane makes up about 0.2% of Financial Engines Advisors L.L.C.’s portfolio, making the stock its 24th largest position. Financial Engines Advisors L.L.C.’s holdings in Crane were worth $3,477,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its stake in Crane by 15.7% in the first quarter. ClariVest Asset Management LLC now owns 1,476 shares of the conglomerate’s stock valued at $110,000 after buying an additional 200 shares during the last quarter. Global X Management Co. LLC increased its stake in Crane by 221.0% in the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock valued at $148,000 after buying an additional 1,282 shares during the last quarter. Broderick Brian C bought a new stake in Crane during the first quarter valued at approximately $202,000. Janney Capital Management LLC bought a new stake in Crane during the first quarter valued at approximately $227,000. Finally, World Asset Management Inc increased its stake in Crane by 2.4% in the first quarter. World Asset Management Inc now owns 3,093 shares of the conglomerate’s stock valued at $231,000 after buying an additional 72 shares during the last quarter. 69.42% of the stock is owned by institutional investors.
Crane Company (NYSE:CR) opened at 73.72 on Friday. The firm’s 50-day moving average price is $79.27 and its 200 day moving average price is $76.74. The company has a market cap of $4.39 billion, a PE ratio of 33.59 and a beta of 1.10. Crane Company has a 52-week low of $59.81 and a 52-week high of $84.34.
Crane (NYSE:CR) last issued its quarterly earnings results on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. Crane had a return on equity of 20.57% and a net margin of 4.79%. The firm had revenue of $702.50 million for the quarter, compared to analysts’ expectations of $702.53 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Crane Company will post $4.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.79%. Crane’s dividend payout ratio is presently 60.83%.
ILLEGAL ACTIVITY NOTICE: “Crane Company (CR) Position Raised by Financial Engines Advisors L.L.C.” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/crane-company-cr-position-raised-by-financial-engines-advisors-l-l-c/1474160.html.
Several brokerages have issued reports on CR. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday, May 26th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $90.00 price target (up previously from $82.00) on shares of Crane in a report on Monday, May 1st. TheStreet raised Crane from a “c+” rating to a “b+” rating in a report on Monday, April 24th. William Blair raised Crane from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 25th. Finally, BidaskClub raised Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.88.
In related news, VP Curtis A. Baron, Jr. sold 5,364 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $79.60, for a total transaction of $426,974.40. Following the sale, the vice president now owns 18,044 shares of the company’s stock, valued at approximately $1,436,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kristian Robert Salovaara sold 9,200 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.20, for a total value of $701,040.00. Following the sale, the vice president now directly owns 24,786 shares in the company, valued at approximately $1,888,693.20. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.
Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane Company (NYSE:CR).
Receive News & Ratings for Crane Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Company and related companies with Analyst Ratings Network's FREE daily email newsletter.