Crane (NYSE:CR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in shares of Crane (NYSE:CR) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 571,486 shares of the conglomerate’s stock after selling 14,330 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of Crane worth $87,540,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CR. Intrust Bank NA boosted its stake in Crane by 2.7% in the 1st quarter. Intrust Bank NA now owns 3,686 shares of the conglomerate’s stock worth $565,000 after buying an additional 98 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Crane by 96.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,800 shares of the conglomerate’s stock worth $735,000 after buying an additional 2,358 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Crane by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,809 shares of the conglomerate’s stock worth $2,422,000 after buying an additional 184 shares during the last quarter. TIAA Trust National Association acquired a new stake in Crane in the 1st quarter worth about $231,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Crane in the 1st quarter worth about $1,347,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

CR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Crane from $187.00 to $226.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. UBS Group restated a “buy” rating and issued a $230.00 price objective (up from $215.00) on shares of Crane in a report on Wednesday, July 30th. DA Davidson raised their price objective on Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus raised their price objective on Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.50.

Crane Stock Performance

Crane stock opened at $197.06 on Wednesday. The stock’s 50-day moving average is $188.12 and its 200-day moving average is $169.83. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 12 month low of $127.04 and a 12 month high of $203.89.

Crane (NYSE:CR) last announced its earnings results on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.34 by $0.15. The business had revenue of $577.20 million for the quarter, compared to the consensus estimate of $567.70 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. Equities analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Crane’s dividend payout ratio (DPR) is presently 15.31%.

Insider Activity at Crane

In related news, SVP Jason D. Feldman sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $177.10, for a total transaction of $230,230.00. Following the sale, the senior vice president directly owned 9,796 shares in the company, valued at approximately $1,734,871.60. This trade represents a 11.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.12% of the company’s stock.

Crane Company 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.