Los Angeles Capital Management & Equity Research Inc. lowered its stake in Crane Co. (NYSE:CR) by 95.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,955 shares of the conglomerate’s stock after selling 92,870 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Crane were worth $285,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CR. Elk Creek Partners LLC lifted its position in shares of Crane by 2.0% during the 3rd quarter. Elk Creek Partners LLC now owns 85,432 shares of the conglomerate’s stock worth $8,402,000 after purchasing an additional 1,665 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Crane during the 3rd quarter worth about $226,000. Meeder Asset Management Inc. acquired a new position in shares of Crane during the 4th quarter worth about $821,000. Vanguard Group Inc lifted its position in shares of Crane by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 4,426,179 shares of the conglomerate’s stock worth $435,315,000 after purchasing an additional 41,941 shares during the last quarter. Finally, Man Group plc lifted its position in shares of Crane by 4.7% during the 3rd quarter. Man Group plc now owns 78,135 shares of the conglomerate’s stock worth $7,684,000 after purchasing an additional 3,478 shares during the last quarter. 68.56% of the stock is owned by institutional investors.

In other news, insider Louis V. Pinkham sold 55,103 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $85.03, for a total value of $4,685,408.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James A. Lavish sold 5,150 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $84.94, for a total value of $437,441.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,149 shares of company stock worth $6,026,127. Corporate insiders own 3.00% of the company’s stock.

Several brokerages recently issued reports on CR. ValuEngine lowered Crane from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Seaport Global Securities restated a “buy” rating and set a $105.00 price target on shares of Crane in a research note on Wednesday, January 30th. BMO Capital Markets restated a “buy” rating on shares of Crane in a research note on Friday, January 11th. William Blair lowered Crane from an “outperform” rating to a “market perform” rating and set a $79.14 price target on the stock. in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $100.00 price target on Crane and gave the company a “buy” rating in a research note on Tuesday, January 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $96.89.

CR stock opened at $82.86 on Friday. Crane Co. has a 1-year low of $67.18 and a 1-year high of $100.14. The company has a market capitalization of $4.95 billion, a PE ratio of 13.83, a P/E/G ratio of 2.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.84.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 28th. The conglomerate reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.10. Crane had a return on equity of 24.54% and a net margin of 10.03%. The company had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Crane Co. will post 6.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 28th were paid a $0.39 dividend. This is a positive change from Crane’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Wednesday, February 27th. Crane’s dividend payout ratio is currently 26.04%.

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About Crane

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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