Quantbot Technologies LP purchased a new position in Crane Company (NYSE:CR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,632 shares of the conglomerate’s stock, valued at approximately $930,000.

A number of other hedge funds have also recently modified their holdings of CR. Acrospire Investment Management LLC grew its stake in Crane by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock worth $127,000 after purchasing an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Crane by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 140 shares during the period. Global X Management Co. LLC grew 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 worth $148,000 after purchasing an additional 1,282 shares during the period. Howe & Rusling Inc. grew its stake in Crane by 88.5% in the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after purchasing an additional 1,057 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Crane in the second quarter worth $204,000. 68.72% of the stock is currently owned by institutional investors.

CR has been the topic of several analyst reports. Wolfe Research raised Crane from a “market perform” rating to an “outperform” rating in a report on Monday, August 14th. Boenning Scattergood reissued a “hold” rating on shares of Crane in a report on Monday, October 2nd. BidaskClub downgraded Crane from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $84.00 target price on shares of Crane in a report on Wednesday, October 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Crane has an average rating of “Buy” and a consensus target price of $92.14.

Crane Company (NYSE CR) opened at $82.78 on Wednesday. The stock has a market capitalization of $4,896.37, a price-to-earnings ratio of 18.88, a PEG ratio of 1.81 and a beta of 1.17. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. Crane Company has a 1-year low of $67.62 and a 1-year high of $86.67.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. analysts predict that Crane Company will post 4.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, November 29th. Crane’s payout ratio is currently 59.19%.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total value of $162,880.00. Following the transaction, the director now owns 2,110 shares of the company’s stock, valued at $171,838.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director E Thayer Bigelow sold 6,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $73.73, for a total value of $442,380.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,403 shares of company stock worth $2,856,878. Corporate insiders own 3.10% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/quantbot-technologies-lp-takes-position-in-crane-company-cr/1719640.html.

Crane Company Profile

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).

Institutional Ownership by Quarter for Crane (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.