LSV Asset Management decreased its holdings in Crane Co. (NYSE:CR) by 49.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,200 shares of the conglomerate’s stock after selling 60,800 shares during the quarter. LSV Asset Management’s holdings in Crane were worth $4,489,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Crane by 37.1% in the third quarter. BlackRock Inc. now owns 6,077,199 shares of the conglomerate’s stock valued at $597,691,000 after buying an additional 1,645,668 shares during the period. Vanguard Group Inc. raised its holdings in shares of Crane by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,426,179 shares of the conglomerate’s stock valued at $435,315,000 after purchasing an additional 41,941 shares during the period. Vanguard Group Inc raised its holdings in shares of Crane by 1.0% during the third quarter. Vanguard Group Inc now owns 4,426,179 shares of the conglomerate’s stock valued at $435,315,000 after purchasing an additional 41,941 shares during the period. FMR LLC raised its holdings in shares of Crane by 37.2% during the second quarter. FMR LLC now owns 1,205,673 shares of the conglomerate’s stock valued at $96,610,000 after purchasing an additional 326,859 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Crane by 3.4% during the third quarter. AQR Capital Management LLC now owns 974,158 shares of the conglomerate’s stock valued at $95,809,000 after purchasing an additional 32,169 shares during the period. 70.38% of the stock is currently owned by institutional investors.

In other Crane news, insider Louis V. Pinkham sold 55,103 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $85.03, for a total value of $4,685,408.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James A. Lavish sold 5,150 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $84.94, for a total transaction of $437,441.00. The disclosure for this sale can be found here. Insiders sold a total of 71,149 shares of company stock worth $6,026,127 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

CR opened at $85.30 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.28 and a debt-to-equity ratio of 0.62. Crane Co. has a fifty-two week low of $67.18 and a fifty-two week high of $100.14. The stock has a market capitalization of $5.02 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.42.

Crane (NYSE:CR) last posted its earnings results on Monday, January 28th. The conglomerate reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.10. Crane had a net margin of 10.03% and a return on equity of 24.54%. The company had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. During the same quarter in the prior year, the business posted $1.18 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. Equities analysts forecast that Crane Co. will post 6.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Thursday, February 28th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.35. Crane’s dividend payout ratio is currently 23.37%.

Several equities analysts have recently weighed in on CR shares. Raymond James reiterated a “hold” rating on shares of Crane in a report on Thursday, January 10th. BMO Capital Markets reiterated a “buy” rating on shares of Crane in a report on Friday, January 11th. ValuEngine lowered shares of Crane from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Buckingham Research started coverage on shares of Crane in a report on Monday, December 10th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, GMP Securities reiterated a “hold” rating on shares of Crane in a report on Thursday, February 14th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Crane has a consensus rating of “Buy” and a consensus price target of $88.66.

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Crane Company Profile

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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