Cubic Asset Management LLC reduced its position in shares of Crane Co. (NYSE:CR) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,720 shares of the conglomerate’s stock after selling 1,365 shares during the quarter. Cubic Asset Management LLC’s holdings in Crane were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Crane by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock valued at $326,871,000 after acquiring an additional 95,817 shares during the period. BlackRock Inc. increased its holdings in shares of Crane by 2.0% in the 2nd quarter. BlackRock Inc. now owns 4,077,492 shares of the conglomerate’s stock valued at $323,668,000 after acquiring an additional 80,055 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Crane by 13.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,440,120 shares of the conglomerate’s stock valued at $115,195,000 after acquiring an additional 167,051 shares during the period. State Street Corp increased its holdings in shares of Crane by 2.1% in the 2nd quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock valued at $102,771,000 after acquiring an additional 26,771 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Crane by 0.4% in the 3rd quarter. Gabelli Funds LLC now owns 1,135,100 shares of the conglomerate’s stock valued at $90,797,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 68.43% of the company’s stock.

Crane Co. (NYSE:CR) traded up $0.04 during trading on Wednesday, hitting $92.52. The stock had a trading volume of 279,600 shares, compared to its average volume of 252,807. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 1.96. The firm has a market cap of $5,488.68, a PE ratio of 41.49, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. Crane Co. has a 52-week low of $67.62 and a 52-week high of $93.59.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $695.90 million during the quarter, compared to analysts’ expectations of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. equities research analysts forecast that Crane Co. will post 4.53 EPS for the current year.

A number of research analysts have recently issued reports on the company. AltaCorp Capital reiterated a “buy” rating on shares of Crane in a report on Monday, January 15th. UBS Group assumed coverage on Crane in a report on Tuesday. They issued a “neutral” rating and a $100.00 price target on the stock. Scotiabank reiterated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Canaccord Genuity reiterated a “buy” rating on shares of Crane in a report on Friday, November 3rd. Finally, Seaport Global Securities upgraded Crane from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $95.00 in a report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.43.

In other news, VP A D. Pantaleoni sold 4,650 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $83.11, for a total value of $386,461.50. Following the completion of the sale, the vice president now owns 1,076 shares of the company’s stock, valued at approximately $89,426.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $86.28, for a total value of $960,296.40. Following the completion of the sale, the vice president now directly owns 84,116 shares of the company’s stock, valued at approximately $7,257,528.48. The disclosure for this sale can be found here. Insiders sold a total of 22,403 shares of company stock valued at $1,896,288 in the last three months. Insiders own 3.10% of the company’s stock.

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Crane 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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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