Robecosam Ag Increased Crane Co (NYSE:CR) Stake by $11.19 Million

August 12, 2018 - By Darrel Chase

Crane Co. (NYSE:CR) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.12, from 1.1 in 2017Q4. It dropped, as 24 investors sold CR shares while 106 reduced holdings. 41 funds opened positions while 87 raised stakes. 35.27 million shares or 0.93% less from 35.60 million shares in 2017Q4 were reported. Numerixs Investment Techs invested in 300 shares. Whittier Trust Of Nevada Inc has invested 0.01% in Crane Co. (NYSE:CR). 119,180 are held by Intll Gru Inc. Hanson Mcclain Incorporated has invested 0% in Crane Co. (NYSE:CR). 66 are held by Tarbox Family Office Incorporated. Liberty Mutual Asset Mngmt invested 0.03% in Crane Co. (NYSE:CR). Voya Invest Management Ltd Company reported 76,976 shares stake. Ameritas Partners holds 0.07% or 15,136 shares in its portfolio. Argyle Capital reported 3,200 shares stake. Legal & General Gp Plc reported 0% of its portfolio in Crane Co. (NYSE:CR). Cornercap Invest Counsel Inc has invested 0.11% in Crane Co. (NYSE:CR). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp holds 43,400 shares. Nomura Holding stated it has 4,000 shares or 0% of all its holdings. Moreover, Aqr Cap Mngmt Limited Liability Company has 0.09% invested in Crane Co. (NYSE:CR) for 853,277 shares. Creative Planning reported 24,094 shares.

Since February 16, 2018, it had 0 buys, and 3 insider sales for $2.23 million activity. $1.54 million worth of Crane Co. (NYSE:CR) shares were sold by Curran Brendan. $106,577 worth of Crane Co. (NYSE:CR) was sold by BIGELOW E THAYER.

Robecosam Ag increased its stake in Crane Co (NYSE:CR) by 142.75% based on its latest 2018Q2 regulatory filing with the SEC. Robecosam Ag bought 139,815 shares as the company’s stock declined 10.56% with the market. The institutional investor held 237,759 shares of the metal fabrications company at the end of 2018Q2, valued at $19.02 million, up from 97,944 at the end of the previous reported quarter. Robecosam Ag who had been investing in Crane Co for a number of months, seems to be bullish on the $5.31 billion market cap company. The stock decreased 0.82% or $0.74 during the last trading session, reaching $89.03. About 123,180 shares traded. Crane Co. (NYSE:CR) has risen 10.24% since August 13, 2017 and is uptrending. It has underperformed by 2.33% the S&P500.

Robecosam Ag, which manages about $2.35 billion US Long portfolio, decreased its stake in Ansys Inc (NASDAQ:ANSS) by 65,676 shares to 86,000 shares, valued at $14.87 million in 2018Q2, according to the filing.

Crane Co. (NYSE:CR) Ratings Coverage

Among 4 analysts covering Crane Company (NYSE:CR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crane Company had 5 analyst reports since March 1, 2018 according to SRatingsIntel. On Thursday, March 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Wednesday, April 25, the company rating was maintained by Seaport Global. Susquehanna maintained Crane Co. (NYSE:CR) on Tuesday, March 20 with “Hold” rating. The company was upgraded on Wednesday, April 25 by Susquehanna.

Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company has market cap of $5.31 billion. The companyÂ’s Fluid Handling segment provides process valves and related products, such as on/off valves and related products for critical and demanding applications in the chemical, gas and oil, power, non-residential construction, and general industrial end markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets. It has a 28.64 P/E ratio. This segment offers its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, WTA, Deming, Weinman, Burks, and Barnes trade names.

More recent Crane Co. (NYSE:CR) news were published by: Benzinga.com which released: “Crane’s Q2 Earnings Preview” on July 23, 2018. Also Seekingalpha.com published the news titled: “Crane warning hits RV sector” on July 24, 2018. Seekingalpha.com‘s news article titled: “Crane Co. (CR) CEO Max Mitchell on Q2 2018 Results – Earnings Call Transcript” with publication date: July 24, 2018 was also an interesting one.

Crane Co. (NYSE:CR) Institutional Positions Chart

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