Legal & General Group Plc Has $4.74 Million Position in Crane Co. (NYSE:CR)

Legal & General Group Plc lifted its stake in Crane Co. (NYSE:CR) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,302 shares of the conglomerate’s stock after buying an additional 5,274 shares during the period. Legal & General Group Plc owned approximately 0.10% of Crane worth $4,744,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Crane by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock valued at $326,871,000 after purchasing an additional 95,817 shares in the last quarter. BlackRock Inc. boosted its position in shares of Crane by 2.0% in the second quarter. BlackRock Inc. now owns 4,077,492 shares of the conglomerate’s stock worth $323,668,000 after buying an additional 80,055 shares during the period. Principal Financial Group Inc. boosted its position in shares of Crane by 13.1% in the third quarter. Principal Financial Group Inc. now owns 1,440,120 shares of the conglomerate’s stock worth $115,195,000 after buying an additional 167,051 shares during the period. State Street Corp boosted its position in shares of Crane by 2.1% in the second quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock worth $102,771,000 after buying an additional 26,771 shares during the period. Finally, Gabelli Funds LLC boosted its position in shares of Crane by 0.4% in the third quarter. Gabelli Funds LLC now owns 1,135,100 shares of the conglomerate’s stock worth $90,797,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the transaction, the director now directly owns 2,110 shares of the company’s stock, valued at approximately $171,838.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP A D. Pantaleoni sold 4,650 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $83.11, for a total transaction of $386,461.50. Following the completion of the transaction, the vice president now directly owns 1,076 shares in the company, valued at $89,426.36. The disclosure for this sale can be found here. Insiders have sold a total of 22,403 shares of company stock worth $1,896,288 over the last three months. Insiders own 3.10% of the company’s stock.

CR has been the topic of several recent research reports. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America raised their price target on Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and set a $92.00 target price (up from $88.00) on shares of Crane in a research report on Wednesday, October 25th. Wolfe Research downgraded Crane from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus lifted their price objective on Crane from $85.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $93.83.

Shares of Crane Co. (CR) traded up $1.22 during trading on Thursday, hitting $91.58. 353,949 shares of the company’s stock traded hands, compared to its average volume of 268,319. Crane Co. has a 52 week low of $67.62 and a 52 week high of $91.93. The company has a market cap of $5,460.00, a PE ratio of 40.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. 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 (NYSE:CR) last announced its earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. research analysts forecast that Crane Co. will post 4.53 earnings per share for the current fiscal year.

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Crane Company Profile

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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