Crane $CR Shares Sold by Maven Securities LTD

Maven Securities LTD cut its stake in Crane (NYSE:CR) by 41.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,347 shares of the conglomerate’s stock after selling 3,747 shares during the period. Maven Securities LTD’s holdings in Crane were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jump Financial LLC raised its holdings in Crane by 31.8% during the first quarter. Jump Financial LLC now owns 27,622 shares of the conglomerate’s stock worth $4,231,000 after purchasing an additional 6,664 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Crane by 17.6% in the first quarter. Raymond James Financial Inc. now owns 99,856 shares of the conglomerate’s stock valued at $15,296,000 after buying an additional 14,914 shares in the last quarter. Pinnacle Wealth Management LLC purchased a new position in shares of Crane in the first quarter valued at $655,000. Brooklyn Investment Group raised its stake in shares of Crane by 35.7% during the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after buying an additional 213 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Crane by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 294,703 shares of the conglomerate’s stock worth $45,144,000 after buying an additional 3,012 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CR. DA Davidson set a $235.00 target price on shares of Crane in a report on Thursday, October 30th. Wolfe Research set a $215.00 price objective on shares of Crane and gave the stock an “outperform” rating in a research note on Thursday. Bank of America lifted their price objective on Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price target on shares of Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 1st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.17.

Crane Stock Performance

Shares of CR stock opened at $187.21 on Tuesday. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a 50 day moving average price of $184.53 and a 200 day moving average price of $185.48. Crane has a one year low of $127.04 and a one year high of $203.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $578.54 million. During the same period in the previous year, the company posted $1.38 earnings per share. Crane’s revenue was up .8% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Sell-side analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s dividend payout ratio (DPR) is 14.74%.

About Crane

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.