Orion Portfolio Solutions LLC Decreases Stock Holdings in Crane (NYSE:CR)

Orion Portfolio Solutions LLC reduced its stake in shares of Crane (NYSE:CR) by 20.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,894 shares of the conglomerate’s stock after selling 999 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Crane were worth $616,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Matrix Trust Co purchased a new stake in shares of Crane during the 3rd quarter worth $25,000. V Square Quantitative Management LLC purchased a new stake in Crane in the third quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new stake in Crane in the third quarter valued at about $30,000. UMB Bank n.a. raised its stake in Crane by 81.8% in the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Finally, Quarry LP purchased a new stake in Crane in the third quarter valued at about $37,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Crane Trading Down 2.9 %

Shares of NYSE:CR opened at $159.71 on Wednesday. Crane has a 52-week low of $110.20 and a 52-week high of $188.52. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.93 and a beta of 0.93. 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 50-day moving average price of $168.38 and a 200-day moving average price of $156.19.

Crane (NYSE:CR) last announced 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. The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Equities analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s dividend payout ratio (DPR) is 18.06%.

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.