First Citizens Bank & Trust Co. cut its holdings in Crane Co. (NYSE:CR) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,596 shares of the conglomerate’s stock after selling 953 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Crane were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. bought a new stake in shares of Crane in the third quarter worth about $344,000. Victory Capital Management Inc. grew its stake in shares of Crane by 50.8% in the third quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock worth $53,033,000 after purchasing an additional 223,225 shares during the last quarter. AXA grew its stake in shares of Crane by 3.6% in the third quarter. AXA now owns 113,700 shares of the conglomerate’s stock worth $9,095,000 after purchasing an additional 4,000 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Crane in the second quarter worth about $324,000. Finally, HAP Trading LLC purchased a new stake in Crane in the third quarter worth about $3,120,000. 68.30% of the stock is currently owned by institutional investors.

In other news, VP Augustus I. Dupont sold 11,130 shares of Crane stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the transaction, the vice president now directly owns 84,116 shares in the company, valued at $7,257,528.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP A D. Pantaleoni sold 4,650 shares of Crane stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $83.11, for a total transaction of $386,461.50. Following the transaction, the vice president now owns 1,076 shares of the company’s stock, valued at $89,426.36. The disclosure for this sale can be found here. Insiders have sold 22,403 shares of company stock valued at $1,896,288 over the last quarter. Company insiders own 3.10% of the company’s stock.

Several analysts have commented on the stock. Boenning Scattergood restated a “hold” rating on shares of Crane in a report on Monday, October 2nd. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $84.00 price objective on shares of Crane in a report on Wednesday, October 4th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Crane in a report on Monday, September 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Crane currently has a consensus rating of “Buy” and a consensus target price of $93.83.

Shares of Crane Co. (NYSE:CR) opened at $92.28 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. Crane Co. has a 1-year low of $67.62 and a 1-year high of $92.71. The company has a market cap of $5,500.00, a PE ratio of 41.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Crane (NYSE:CR) last released its earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The firm had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. During the same period last year, the business earned $1.07 earnings per share. The business’s revenue was up .2% on a year-over-year basis. equities analysts anticipate that Crane Co. will post 4.53 EPS for the current fiscal year.

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About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Institutional Ownership by Quarter for Crane (NYSE:CR)

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