Radnor Capital Management LLC Invests $1.90 Million in Crane (NYSE:CR)

Radnor Capital Management LLC acquired a new position in Crane (NYSE:CR) in the 3rd quarter, Holdings Channel reports. The firm acquired 11,985 shares of the conglomerate’s stock, valued at approximately $1,897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Crane by 4.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 193,053 shares of the conglomerate’s stock valued at $26,087,000 after purchasing an additional 7,945 shares during the period. Castleark Management LLC boosted its stake in shares of Crane by 13.7% in the first quarter. Castleark Management LLC now owns 33,360 shares of the conglomerate’s stock valued at $4,508,000 after purchasing an additional 4,020 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Crane by 70.1% in the first quarter. Russell Investments Group Ltd. now owns 75,410 shares of the conglomerate’s stock valued at $10,190,000 after purchasing an additional 31,069 shares during the period. Capital International Investors boosted its stake in shares of Crane by 103.3% in the first quarter. Capital International Investors now owns 1,348,451 shares of the conglomerate’s stock valued at $182,216,000 after purchasing an additional 685,230 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Crane by 11.9% in the second quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock valued at $27,902,000 after purchasing an additional 20,518 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Crane Trading Up 5.5 %

Crane stock opened at $168.94 on Wednesday. The firm’s 50-day moving average is $155.19 and its 200-day moving average is $149.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 1 year low of $98.06 and a 1 year high of $169.04. The company has a market cap of $9.67 billion, a P/E ratio of 37.21, a PEG ratio of 1.93 and a beta of 0.81.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.49%. Crane’s payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their price objective on shares of Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.33.

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.