Dimensional Fund Advisors LP Has $47,591,000 Stake in Crane Co. (CR)
Dimensional Fund Advisors LP boosted its position in Crane Co. (NYSE:CR) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 839,081 shares of the company’s stock after buying an additional 32,008 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Crane worth $47,591,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in Crane by 74.5% in the second quarter. LS Investment Advisors LLC now owns 3,056 shares of the company’s stock worth $173,000 after buying an additional 1,305 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Crane by 46.1% in the second quarter. Synovus Financial Corp now owns 3,485 shares of the company’s stock valued at $198,000 after buying an additional 1,100 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Crane during the second quarter valued at about $210,000. Calvert Investment Management Inc. acquired a new stake in shares of Crane during the second quarter valued at about $218,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Crane during the second quarter valued at about $233,000. Institutional investors and hedge funds own 67.40% of the company’s stock.
Crane Co. (NYSE:CR) opened at 61.06 on Tuesday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 14.68 and a beta of 1.37. Crane Co. has a one year low of $41.68 and a one year high of $65.88. The stock has a 50 day moving average of $63.03 and a 200 day moving average of $59.07.
Crane (NYSE:CR) last announced its earnings results on Monday, July 25th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.19. The company earned $712.20 million during the quarter, compared to analysts’ expectations of $697.13 million. Crane had a net margin of 9.01% and a return on equity of 21.25%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. Analysts forecast that Crane Co. will post ($0.17) earnings per share for the current year.
Several brokerages recently issued reports on CR. RBC Capital Markets reaffirmed a “sector perform” rating and set a $63.00 price objective (up previously from $57.00) on shares of Crane in a research note on Wednesday, July 27th. Royal Bank Of Canada upped their price objective on shares of Crane from $57.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 27th. Zacks Investment Research raised shares of Crane from a “sell” rating to a “hold” rating and set a $69.00 price objective for the company in a research note on Wednesday, July 27th. Alembic Global Advisors began coverage on shares of Crane in a research note on Monday, July 11th. They set a “neutral” rating and a $61.00 price objective for the company. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Crane in a research note on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.00.
In other Crane news, VP A D. Pantaleoni sold 5,000 shares of Crane stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $62.74, for a total transaction of $313,700.00. Following the completion of the transaction, the vice president now owns 9,876 shares in the company, valued at $619,620.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Thayer Bigelow sold 4,000 shares of Crane stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $64.96, for a total transaction of $259,840.00. Following the transaction, the director now owns 21,791 shares of the company’s stock, valued at approximately $1,415,543.36. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
Crane Co is a diversified manufacturer of engineered industrial products. The Company operates in four segments: 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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