Resonant Capital Advisors LLC Sells 408 Shares of Crane $CR

Resonant Capital Advisors LLC lowered its stake in shares of Crane (NYSE:CR) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,273 shares of the conglomerate’s stock after selling 408 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Crane were worth $1,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC increased its position in shares of Crane by 104.8% during the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 131 shares during the period. Westpac Banking Corp bought a new stake in shares of Crane during the first quarter worth $76,000. Wayfinding Financial LLC bought a new stake in shares of Crane during the first quarter worth $105,000. Brooklyn Investment Group boosted its holdings in Crane by 35.7% in the first quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 213 shares during the last quarter. Finally, CWM LLC boosted its holdings in Crane by 70.7% in the first quarter. CWM LLC now owns 920 shares of the conglomerate’s stock valued at $141,000 after acquiring an additional 381 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Stock Performance

Shares of NYSE CR opened at $191.91 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. The stock has a 50 day moving average of $184.48 and a 200-day moving average of $179.39. The company has a market capitalization of $11.04 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last issued its earnings results on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, topping the consensus estimate of $1.34 by $0.15. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $577.20 million during the quarter, compared to the consensus estimate of $567.70 million. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Crane will post 7.87 EPS for the current year.

Insider Activity at Crane

In other news, VP Alejandro Alcala sold 20,791 shares of Crane stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $192.74, for a total transaction of $4,007,257.34. Following the completion of the transaction, the vice president directly owned 33,526 shares in the company, valued at approximately $6,461,801.24. The trade was a 38.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a research note on Friday. DA Davidson raised their price target on Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. UBS Group reissued a “buy” rating and issued a $230.00 target price (up previously from $215.00) on shares of Crane in a research report on Wednesday, July 30th. Stifel Nicolaus lifted their target price on Crane from $189.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Finally, Bank of America boosted their price target on Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Crane presently has a consensus rating of “Moderate Buy” and an average target price of $222.20.

Crane Company 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.