Sit Investment Associates Inc. lowered its stake in Crane Co. (NYSE:CR) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,050 shares of the conglomerate’s stock after selling 2,350 shares during the period. Sit Investment Associates Inc.’s holdings in Crane were worth $2,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new stake in shares of Crane in the 3rd quarter worth about $344,000. Victory Capital Management Inc. grew its position in shares of Crane by 50.8% during the 3rd quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock valued at $53,033,000 after buying an additional 223,225 shares during the last quarter. AXA grew its position in shares of Crane by 3.6% during the 3rd quarter. AXA now owns 113,700 shares of the conglomerate’s stock valued at $9,095,000 after buying an additional 4,000 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Crane during the 2nd quarter valued at about $324,000. Finally, HAP Trading LLC bought a new stake in shares of Crane during the 3rd quarter valued at about $3,120,000. 68.30% of the stock is owned by institutional investors.

Crane Co. (NYSE:CR) opened at $92.28 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66. The stock has a market cap of $5,476.82, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. Crane Co. has a one year low of $67.62 and a one year high of $92.71.

Crane (NYSE:CR) last posted its 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 during the quarter, compared to analyst estimates of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. Crane’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. equities research analysts predict that Crane Co. will post 4.53 earnings per share for the current fiscal year.

CR has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Crane in a research report on Monday, September 25th. Zacks Investment Research raised shares of Crane from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Monday, October 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Crane in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $84.00 price objective on shares of Crane in a research report on Wednesday, October 4th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Crane in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Crane currently has an average rating of “Buy” and a consensus price target of $93.83.

In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the transaction, the vice president now directly owns 84,116 shares of the company’s stock, valued at approximately $7,257,528.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. L Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the transaction, the director now directly owns 2,110 shares of the company’s stock, valued at $171,838.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,403 shares of company stock valued at $1,896,288 over the last three months. 3.10% of the stock is currently owned by company insiders.

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About Crane

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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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