Fort Washington Investment Advisors Inc. OH Has $23.79 Million Position in Crane Co. (CR)

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Crane Co. (NYSE:CR) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,634 shares of the conglomerate’s stock after purchasing an additional 18,900 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.55% of Crane worth $23,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in Crane during the 4th quarter worth $42,000. ETF Managers Group LLC grew its stake in Crane by 17.3% during the 4th quarter. ETF Managers Group LLC now owns 1,422 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 210 shares in the last quarter. Sageworth Trust Co grew its stake in Crane by 466.7% during the 3rd quarter. Sageworth Trust Co now owns 1,700 shares of the conglomerate’s stock worth $167,000 after purchasing an additional 1,400 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Crane during the 3rd quarter worth about $209,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Crane during the 3rd quarter worth about $221,000. 71.23% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CR opened at $81.39 on Monday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 13.59, a PEG ratio of 2.05 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.84 and a debt-to-equity ratio of 0.62. Crane Co. has a 52-week low of $67.18 and a 52-week high of $100.14.

Crane (NYSE:CR) last announced its earnings results on Monday, January 28th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.10. The firm had revenue of $839.70 million during the quarter, compared to analysts’ expectations of $862.96 million. Crane had a return on equity of 24.54% and a net margin of 10.03%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. As a group, research analysts forecast that Crane Co. will post 6.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Thursday, February 28th will be given a $0.39 dividend. The ex-dividend date is Wednesday, February 27th. This is a boost from Crane’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.92%. Crane’s dividend payout ratio is 23.37%.

CR has been the subject of several analyst reports. Raymond James reaffirmed a “hold” rating on shares of Crane in a research report on Thursday, January 10th. Buckingham Research initiated coverage on Crane in a research report on Monday, December 10th. They set a “buy” rating and a $93.00 price objective for the company. Zacks Investment Research raised Crane from a “sell” rating to a “hold” rating and set a $93.00 price objective for the company in a research report on Wednesday, October 24th. ValuEngine raised Crane from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Stifel Nicolaus set a $100.00 price objective on Crane and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $88.66.

In other Crane news, VP James A. Lavish sold 10,896 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $82.90, for a total transaction of $903,278.40. Following the completion of the sale, the vice president now directly owns 23,527 shares of the company’s stock, valued at approximately $1,950,388.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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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.

See Also: Convertible Shares

Institutional Ownership by Quarter for Crane (NYSE:CR)

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