Crane (NYSE:CR) Shares Purchased by Cruiser Capital Advisors LLC

Cruiser Capital Advisors LLC boosted its holdings in shares of Crane (NYSE:CR) by 348.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,201 shares of the conglomerate’s stock after acquiring an additional 8,701 shares during the period. Crane comprises 0.6% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 16th largest holding. Cruiser Capital Advisors LLC’s holdings in Crane were worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CR. Orion Capital Management LLC purchased a new position in Crane in the 1st quarter valued at about $28,000. Money Concepts Capital Corp purchased a new position in shares of Crane during the fourth quarter valued at approximately $25,000. Amundi acquired a new stake in Crane during the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its position in Crane by 77.9% during the second quarter. First Horizon Advisors Inc. now owns 338 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 148 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Crane by 768.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 356 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 315 shares during the period. Hedge funds and other institutional investors own 85.91% of the company’s stock.

Crane Stock Up 0.4 %

Crane stock traded up $0.40 during midday trading on Monday, hitting $106.61. The stock had a trading volume of 14,544 shares, compared to its average volume of 306,109. The business has a fifty day moving average price of $91.56 and a 200 day moving average price of $86.83. Crane has a 12 month low of $67.28 and a 12 month high of $106.64. The stock has a market cap of $6.06 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.93 and a beta of 1.49. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last issued its earnings results on Monday, October 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $530.10 million for the quarter, compared to analysts’ expectations of $509.32 million. During the same period in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Research analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Thursday, November 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 29th. Crane’s payout ratio is 9.54%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Securities reissued a “hold” rating on shares of Crane in a research note on Thursday, September 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crane in a research report on Wednesday, September 27th. They issued a “buy” rating and a $118.00 target price on the stock. DA Davidson upped their price target on shares of Crane from $92.00 to $107.00 in a research report on Thursday, July 27th. CJS Securities began coverage on shares of Crane in a report on Monday, October 30th. They issued an “outperform” rating on the stock. Finally, Bank of America dropped their price objective on Crane from $140.00 to $105.00 in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

Crane Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense, and space markets.