Crane (NYSE:CR) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its stake in shares of Crane (NYSE:CR) by 29.9% during the third quarter, Holdings Channel reports. The fund owned 78,333 shares of the conglomerate’s stock after selling 33,443 shares during the quarter. Hantz Financial Services Inc.’s holdings in Crane were worth $12,399,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Crane by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,902 shares of the conglomerate’s stock worth $1,726,000 after buying an additional 210 shares during the period. FORA Capital LLC lifted its position in Crane by 18.4% during the third quarter. FORA Capital LLC now owns 6,903 shares of the conglomerate’s stock worth $1,093,000 after buying an additional 1,071 shares during the period. Brooklyn Investment Group purchased a new position in Crane during the third quarter worth about $95,000. Quantbot Technologies LP lifted its position in Crane by 44.5% during the third quarter. Quantbot Technologies LP now owns 7,717 shares of the conglomerate’s stock worth $1,221,000 after buying an additional 2,376 shares during the period. Finally, Truvestments Capital LLC purchased a new position in Crane during the third quarter worth about $56,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Performance

Crane stock opened at $181.60 on Friday. The stock’s 50-day moving average is $163.82 and its 200-day moving average is $153.54. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 12 month low of $102.80 and a 12 month high of $188.52.

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

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.205 per share. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.45%. Crane’s dividend payout ratio (DPR) is presently 18.06%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CR. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their target price on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

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.