Schwab Charles Investment Management Inc. raised its stake in shares of Crane Co. (NYSE:CR) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,209 shares of the conglomerate’s stock after purchasing an additional 32,914 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Crane were worth $37,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. grew its stake in shares of Crane by 88.5% during the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after buying an additional 1,057 shares during the last quarter. ClariVest Asset Management LLC grew its stake in shares of Crane by 54.2% during the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after buying an additional 800 shares during the last quarter. Fruth Investment Management bought a new position in shares of Crane during the fourth quarter valued at approximately $205,000. Vident Investment Advisory LLC bought a new position in shares of Crane during the third quarter valued at approximately $209,000. Finally, Nomura Holdings Inc. bought a new position in shares of Crane during the second quarter valued at approximately $248,000. Institutional investors and hedge funds own 67.53% of the company’s stock.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the sale, the director now owns 2,110 shares of the company’s stock, valued at approximately $171,838.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Augustus I. Dupont sold 16,396 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total value of $1,602,545.04. Following the sale, the vice president now owns 102,994 shares of the company’s stock, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Shares of Crane Co. (NYSE:CR) opened at $89.45 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.40 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $5,308.85, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20. Crane Co. has a 52-week low of $70.56 and a 52-week high of $102.65.

Crane (NYSE:CR) last announced its earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.01. The business had revenue of $714.20 million for the quarter, compared to analysts’ expectations of $702.50 million. Crane had a return on equity of 20.66% and a net margin of 6.17%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. equities research analysts forecast that Crane Co. will post 5.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from Crane’s previous quarterly dividend of $0.33. Crane’s dividend payout ratio (DPR) is 46.48%.

CR has been the topic of a number of analyst reports. ValuEngine raised Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wolfe Research cut Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 target price (up previously from $87.00) on shares of Crane in a research note on Tuesday, January 16th. Oppenheimer reaffirmed a “buy” rating on shares of Crane in a research note on Tuesday, December 5th. Finally, UBS Group started coverage on Crane in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $100.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Crane presently has a consensus rating of “Buy” and an average price target of $106.28.

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About Crane

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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