111,776 Shares in Crane (NYSE:CR) Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in shares of Crane (NYSE:CR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 111,776 shares of the conglomerate’s stock, valued at approximately $16,205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Crane by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock worth $529,000 after acquiring an additional 94 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Crane by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock worth $1,176,000 after acquiring an additional 104 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of Crane by 3.2% during the 4th quarter. Janney Capital Management LLC now owns 3,560 shares of the conglomerate’s stock worth $421,000 after acquiring an additional 110 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Crane by 29.9% during the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock worth $66,000 after acquiring an additional 112 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Crane by 150.6% during the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 131 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Crane Trading Up 1.7 %

CR opened at $158.38 on Friday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 1.93 and a beta of 0.78. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $82.57 and a 12 month high of $162.34. The stock has a fifty day moving average price of $149.32 and a 200-day moving average price of $140.96.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, topping the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a dividend of $0.205 per share. The ex-dividend date is Friday, August 30th. This represents a $0.82 annualized dividend and a yield of 0.52%. Crane’s dividend payout ratio (DPR) is 21.98%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America raised their price target on Crane from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. UBS Group lifted their target price on Crane from $120.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Stifel Nicolaus lifted their target price on Crane from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Crane from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

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.