Janus Henderson Group PLC Has $4.74 Million Stock Position in Crane (NYSE:CR)

Janus Henderson Group PLC lifted its position in Crane (NYSE:CR) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,918 shares of the conglomerate’s stock after acquiring an additional 1,767 shares during the quarter. Janus Henderson Group PLC owned approximately 0.05% of Crane worth $4,736,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. acquired a new position in shares of Crane in the 2nd quarter valued at about $21,159,000. Hantz Financial Services Inc. acquired a new stake in shares of Crane during the 2nd quarter valued at $16,205,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Crane by 16.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock valued at $103,748,000 after buying an additional 91,029 shares during the period. American Century Companies Inc. grew its holdings in shares of Crane by 673.2% during the 2nd quarter. American Century Companies Inc. now owns 82,172 shares of the conglomerate’s stock valued at $11,913,000 after acquiring an additional 71,544 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crane by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate’s stock worth $111,882,000 after acquiring an additional 70,297 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

CR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Crane Price Performance

Shares of NYSE:CR opened at $169.36 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The stock has a market capitalization of $9.69 billion, a P/E ratio of 37.30, a P/E/G ratio of 1.93 and a beta of 0.93. The business has a 50-day moving average of $167.61 and a two-hundred day moving average of $155.54. Crane has a fifty-two week low of $106.33 and a fifty-two week high of $188.52.

Crane (NYSE:CR) last posted its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same period in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.48%. Crane’s payout ratio is presently 18.06%.

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.