Walleye Capital LLC Has $18.16 Million Stock Holdings in Crane $CR

Walleye Capital LLC lowered its stake in shares of Crane (NYSE:CR) by 17.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,606 shares of the conglomerate’s stock after selling 20,449 shares during the period. Walleye Capital LLC’s holdings in Crane were worth $18,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CR. Allworth Financial LP raised its holdings in shares of Crane by 15.4% during the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after acquiring an additional 52 shares in the last quarter. MAI Capital Management grew its stake in Crane by 3.1% in the second quarter. MAI Capital Management now owns 1,933 shares of the conglomerate’s stock valued at $367,000 after purchasing an additional 58 shares in the last quarter. AE Wealth Management LLC increased its position in Crane by 2.0% in the 2nd quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock worth $618,000 after purchasing an additional 63 shares during the last quarter. Matrix Trust Co raised its stake in shares of Crane by 4.3% during the 2nd quarter. Matrix Trust Co now owns 1,599 shares of the conglomerate’s stock worth $304,000 after purchasing an additional 66 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of Crane by 3.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,170 shares of the conglomerate’s stock valued at $412,000 after buying an additional 67 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Crane Price Performance

NYSE CR opened at $187.64 on Friday. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. The company has a fifty day simple moving average of $184.30 and a 200 day simple moving average of $185.13. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The company has a market cap of $10.81 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last announced its earnings results on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, topping the consensus estimate of $1.46 by $0.18. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $589.20 million for the quarter, compared to the consensus estimate of $578.54 million. During the same quarter last year, the firm posted $1.38 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, November 28th. This represents a $0.92 annualized dividend and a yield of 0.5%. Crane’s dividend payout ratio is presently 14.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CR. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a report on Monday. Stifel Nicolaus increased their price target on shares of Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Wolfe Research set a $215.00 price target on shares of Crane and gave the company an “outperform” rating in a report on Thursday. Bank of America upped their price objective on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, DA Davidson set a $235.00 target price on shares of Crane in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Crane presently has an average rating of “Moderate Buy” and a consensus price target of $222.17.

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.