Prudent Man Advisors LLC Has $702,000 Stock Position in Crane Holdings, Co. (NYSE:CR)

Prudent Man Advisors LLC lessened its position in shares of Crane Holdings, Co. (NYSE:CRGet Rating) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,487 shares of the conglomerate’s stock after selling 112 shares during the period. Prudent Man Advisors LLC’s holdings in Crane were worth $702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp increased its position in Crane by 13.2% during the first quarter. M&T Bank Corp now owns 12,434 shares of the conglomerate’s stock worth $1,346,000 after acquiring an additional 1,448 shares during the period. Value Holdings Management CO. LLC grew its position in shares of Crane by 2.1% during the 1st quarter. Value Holdings Management CO. LLC now owns 71,500 shares of the conglomerate’s stock worth $7,742,000 after purchasing an additional 1,500 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Crane during the first quarter worth approximately $216,000. Cadent Capital Advisors LLC acquired a new stake in shares of Crane in the first quarter valued at approximately $220,000. Finally, National Bank of Canada FI bought a new stake in shares of Crane in the first quarter valued at approximately $2,350,000. Institutional investors and hedge funds own 73.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CR. Stifel Nicolaus cut their price objective on shares of Crane from $137.00 to $134.00 in a research report on Monday, April 18th. UBS Group decreased their price objective on shares of Crane from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Finally, StockNews.com raised Crane from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $124.60.

Crane Stock Performance

CR stock opened at $99.81 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.37 and a beta of 1.58. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $91.75 and a 200-day moving average price of $98.13. Crane Holdings, Co. has a 1-year low of $82.14 and a 1-year high of $114.87.

Crane (NYSE:CRGet Rating) last announced its quarterly earnings data on Monday, July 25th. The conglomerate reported $1.90 EPS for the quarter, topping the consensus estimate of $1.78 by $0.12. Crane had a net margin of 17.56% and a return on equity of 22.10%. The company had revenue of $864.30 million during the quarter, compared to the consensus estimate of $821.76 million. During the same quarter last year, the firm posted $1.83 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Crane Holdings, Co. will post 7.67 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, August 30th. Crane’s dividend payout ratio (DPR) is 18.95%.

Crane Company Profile

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Crane Holdings Co, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

See Also

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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