UMB Bank n.a. Raises Stock Holdings in Crane (NYSE:CR)

UMB Bank n.a. grew its holdings in Crane (NYSE:CR) by 69.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 372 shares of the conglomerate’s stock after buying an additional 152 shares during the quarter. UMB Bank n.a.’s holdings in Crane were worth $56,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CR. Diversify Advisory Services LLC increased its holdings in Crane by 23.0% in the 4th quarter. Diversify Advisory Services LLC now owns 2,429 shares of the conglomerate’s stock worth $365,000 after acquiring an additional 454 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Crane by 15.0% during the fourth quarter. Park Avenue Securities LLC now owns 3,158 shares of the conglomerate’s stock worth $479,000 after purchasing an additional 412 shares in the last quarter. Oak Thistle LLC raised its position in shares of Crane by 242.7% during the 4th quarter. Oak Thistle LLC now owns 6,778 shares of the conglomerate’s stock worth $1,029,000 after purchasing an additional 4,800 shares during the last quarter. Matrix Trust Co lifted its stake in Crane by 619.1% in the 4th quarter. Matrix Trust Co now owns 1,129 shares of the conglomerate’s stock valued at $171,000 after buying an additional 972 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Crane by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock worth $2,845,000 after buying an additional 85 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Crane Stock Down 1.0 %

Shares of NYSE:CR opened at $161.21 on Friday. Crane has a 52-week low of $110.49 and a 52-week high of $188.52. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $163.99 and a two-hundred day moving average of $158.16. The stock has a market cap of $9.23 billion, a P/E ratio of 21.35, a PEG ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. During the same period last year, the business earned $1.03 earnings per share. Crane’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect 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 was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group increased their target price on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Crane currently has a consensus rating of “Moderate Buy” and an average price target of $166.80.

About Crane

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.