Coldstream Capital Management Inc. Purchases 614 Shares of Crane Co. (NYSE:CR)

Coldstream Capital Management Inc. lifted its stake in shares of Crane Co. (NYSE:CR) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,138 shares of the conglomerate’s stock after buying an additional 614 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Crane were worth $877,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in shares of Crane in the 4th quarter valued at $34,000. Quantamental Technologies LLC acquired a new position in shares of Crane in the 4th quarter valued at $42,000. Enlightenment Research LLC acquired a new position in shares of Crane in the 4th quarter valued at $43,000. SRS Capital Advisors Inc. increased its holdings in shares of Crane by 183.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 749 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 485 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of Crane by 17.3% in the 4th quarter. ETF Managers Group LLC now owns 1,422 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 69.08% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Crane from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. UBS Group boosted their price objective on shares of Crane from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Desjardins reissued a “buy” rating on shares of Crane in a research note on Thursday, March 7th. GMP Securities reissued a “hold” rating on shares of Crane in a research note on Thursday, February 14th. Finally, CIBC reissued a “hold” rating on shares of Crane in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $96.27.

Shares of NYSE CR traded up $0.39 during trading on Friday, hitting $88.26. 185,338 shares of the company were exchanged, compared to its average volume of 190,874. Crane Co. has a 1 year low of $67.18 and a 1 year high of $100.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.29 and a current ratio of 1.84. The firm has a market capitalization of $5.29 billion, a P/E ratio of 14.73, a PEG ratio of 2.23 and a beta of 1.37.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 28th. The conglomerate reported $1.64 EPS for the quarter, topping the consensus estimate of $1.54 by $0.10. Crane had a net margin of 10.03% and a return on equity of 24.54%. The business had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. During the same period in the previous year, the firm earned $1.18 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts forecast that Crane Co. will post 6.33 earnings per share for the current fiscal year.

In other Crane news, insider Louis V. Pinkham sold 55,103 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $85.03, for a total value of $4,685,408.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James A. Lavish sold 10,896 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $82.90, for a total transaction of $903,278.40. Following the completion of the transaction, the vice president now owns 23,527 shares in the company, valued at $1,950,388.30. The disclosure for this sale can be found here. Insiders sold a total of 71,149 shares of company stock worth $6,026,127 over the last quarter. Insiders own 3.39% of the company’s stock.

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Crane Company Profile

Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides 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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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