Keybank National Association OH decreased its position in shares of Crane Co. (NYSE:CR) by 15.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,925 shares of the conglomerate’s stock after selling 2,675 shares during the quarter. Keybank National Association OH’s holdings in Crane were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Crane by 2.7% during the 1st quarter. Swiss National Bank now owns 86,600 shares of the conglomerate’s stock valued at $7,328,000 after acquiring an additional 2,300 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Crane by 48.1% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,340 shares of the conglomerate’s stock valued at $367,000 after acquiring an additional 1,410 shares during the last quarter. Burney Co. acquired a new position in shares of Crane during the 1st quarter valued at about $222,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Crane by 8.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,140 shares of the conglomerate’s stock valued at $181,000 after acquiring an additional 173 shares during the last quarter. Finally, Dudley & Shanley Inc. boosted its position in shares of Crane by 26.8% during the 2nd quarter. Dudley & Shanley Inc. now owns 233,522 shares of the conglomerate’s stock valued at $19,485,000 after acquiring an additional 49,420 shares during the last quarter. 69.54% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:CR traded up $1.74 on Friday, reaching $75.29. 252,600 shares of the company’s stock were exchanged, compared to its average volume of 384,862. The company has a quick ratio of 1.50, a current ratio of 2.17 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.34. The business has a fifty day moving average of $82.55 and a 200-day moving average of $83.43. Crane Co. has a 52-week low of $67.18 and a 52-week high of $100.14.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Saturday, August 31st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.56 dividend on an annualized basis and a yield of 2.07%. Crane’s dividend payout ratio (DPR) is presently 26.04%.
In related news, VP James A. Lavish sold 650 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $86.36, for a total transaction of $56,134.00. Following the sale, the vice president now directly owns 16,359 shares in the company, valued at $1,412,763.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. L Tullis bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $78.13 per share, for a total transaction of $78,130.00. Following the completion of the purchase, the director now directly owns 1,110 shares of the company’s stock, valued at approximately $86,724.30. The disclosure for this purchase can be found here. 3.39% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on CR shares. Zacks Investment Research raised shares of Crane from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine cut shares of Crane from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. DA Davidson upped their target price on shares of Crane from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research upped their target price on shares of Crane from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Crane presently has a consensus rating of “Hold” and an average target price of $95.88.
Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides 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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