Alliance Wealth Advisors LLC UT Trims Holdings in Crane (NYSE:CR)

Alliance Wealth Advisors LLC UT reduced its holdings in shares of Crane (NYSE:CR) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,064 shares of the conglomerate’s stock after selling 130 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Crane were worth $313,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CR. Stonegate Investment Group LLC boosted its stake in shares of Crane by 5.3% during the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate’s stock worth $218,000 after buying an additional 72 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Crane by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock worth $2,845,000 after acquiring an additional 85 shares during the period. M&T Bank Corp grew its stake in shares of Crane by 1.2% in the 3rd quarter. M&T Bank Corp now owns 7,336 shares of the conglomerate’s stock valued at $1,161,000 after purchasing an additional 86 shares during the last quarter. Griffin Asset Management Inc. increased its holdings in shares of Crane by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock valued at $5,388,000 after purchasing an additional 90 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Crane by 2.8% during the third quarter. Coldstream Capital Management Inc. now owns 3,530 shares of the conglomerate’s stock worth $561,000 after purchasing an additional 96 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CR has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on shares of Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. UBS Group lifted their target price on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. StockNews.com cut shares of Crane from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, DA Davidson lifted their price objective on Crane from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.80.

Crane Stock Up 1.2 %

Shares of NYSE CR opened at $171.34 on Wednesday. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a 52 week low of $118.48 and a 52 week high of $188.52. The firm has a 50-day moving average price of $162.38 and a 200 day moving average price of $159.32. 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 (NYSE:CR) last announced its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a return on equity of 24.45% and a net margin of 13.10%. During the same quarter last year, the business posted $0.90 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, February 28th. This is an increase from Crane’s previous quarterly dividend of $0.21. Crane’s payout ratio is 18.18%.

Crane 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.