Axa Has $3.15 Million Position in Crane Co. (CR)

Axa boosted its position in Crane Co. (NYSE:CR) by 54.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the conglomerate’s stock after buying an additional 11,300 shares during the period. Axa’s holdings in Crane were worth $3,147,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Crane by 37.2% during the 2nd quarter. FMR LLC now owns 1,205,673 shares of the conglomerate’s stock worth $96,610,000 after purchasing an additional 326,859 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Crane by 765.4% during the 3rd quarter. SG Americas Securities LLC now owns 299,107 shares of the conglomerate’s stock worth $29,417,000 after purchasing an additional 264,546 shares in the last quarter. Dudley & Shanley Inc. boosted its position in shares of Crane by 734.4% during the 3rd quarter. Dudley & Shanley Inc. now owns 222,422 shares of the conglomerate’s stock worth $21,875,000 after purchasing an additional 195,765 shares in the last quarter. Robecosam AG boosted its position in shares of Crane by 142.7% during the 2nd quarter. Robecosam AG now owns 237,759 shares of the conglomerate’s stock worth $19,021,000 after purchasing an additional 139,815 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Crane by 3.0% during the 2nd quarter. BlackRock Inc. now owns 4,431,531 shares of the conglomerate’s stock worth $355,098,000 after purchasing an additional 128,447 shares in the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.

In other news, Director James L. L. Tullis bought 400 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $90.62 per share, with a total value of $36,248.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Louis V. Pinkham sold 4,400 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $93.15, for a total transaction of $409,860.00. Following the completion of the transaction, the insider now directly owns 23,545 shares of the company’s stock, valued at approximately $2,193,216.75. The disclosure for this sale can be found here. Insiders have sold a total of 20,767 shares of company stock valued at $1,885,878 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Several research firms have recently issued reports on CR. UBS Group lifted their price target on Crane from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Stifel Nicolaus lifted their price target on Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Zacks Investment Research downgraded Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.13.

NYSE:CR opened at $86.37 on Monday. The firm has a market cap of $5.13 billion, a PE ratio of 19.07, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. Crane Co. has a 52-week low of $78.93 and a 52-week high of $102.65.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.16. The business had revenue of $855.80 million during the quarter, compared to the consensus estimate of $855.87 million. Crane had a return on equity of 23.29% and a net margin of 6.76%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, analysts expect that Crane Co. will post 5.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 29th. Crane’s dividend payout ratio (DPR) is presently 30.91%.

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Crane Company Profile

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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