KBC Group NV Has $4.72 Million Stock Holdings in Crane (NYSE:CR)

KBC Group NV raised its stake in shares of Crane (NYSE:CR) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 29,789 shares of the conglomerate’s stock after buying an additional 161 shares during the period. KBC Group NV’s holdings in Crane were worth $4,715,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of Crane during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC bought a new stake in Crane during the third quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Crane during the third quarter worth approximately $30,000. Covestor Ltd raised its stake in shares of Crane by 150.6% in the first quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Crane in the 2nd quarter worth approximately $31,000. 75.14% of the stock is currently owned by institutional investors.

Crane Trading Down 0.2 %

CR stock opened at $173.50 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $102.80 and a twelve month high of $180.87. The company has a market cap of $9.93 billion, a P/E ratio of 38.22, a PEG ratio of 1.93 and a beta of 0.81. The business has a fifty day moving average of $158.85 and a 200-day moving average of $151.51.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. As a group, equities research analysts expect that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

Analysts Set New Price Targets

Several brokerages have issued reports on CR. Stifel Nicolaus lifted their price objective on Crane from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.33.

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.