Fort Washington Investment Advisors Inc. OH Sells 35,520 Shares of Crane (NYSE:CR)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Crane (NYSE:CR) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,092 shares of the conglomerate’s stock after selling 35,520 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.16% of Crane worth $13,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new position in Crane in the 3rd quarter valued at $515,000. AQR Capital Management LLC boosted its holdings in Crane by 11.9% in the second quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock valued at $27,902,000 after acquiring an additional 20,518 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Crane by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,797 shares of the conglomerate’s stock worth $16,353,000 after purchasing an additional 4,355 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in Crane by 12.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock worth $55,758,000 after purchasing an additional 42,743 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Crane by 328.3% in the 3rd quarter. Citigroup Inc. now owns 23,790 shares of the conglomerate’s stock valued at $3,765,000 after purchasing an additional 18,236 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CR. Deutsche Bank Aktiengesellschaft boosted their price target 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. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research note on Monday, November 18th. Finally, UBS Group lifted their price objective on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.00.

Crane Trading Down 0.5 %

Shares of NYSE CR opened at $161.72 on Thursday. 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 $110.49 and a twelve month high of $188.52. The company’s fifty day moving average is $164.46 and its 200-day moving average is $158.00. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last posted its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Equities research analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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

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.