Oak Thistle LLC Purchases Shares of 7,044 Crane $CR

Oak Thistle LLC acquired a new position in shares of Crane (NYSE:CR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,044 shares of the conglomerate’s stock, valued at approximately $1,297,000.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Crane during the 2nd quarter valued at $29,000. Parkside Financial Bank & Trust lifted its stake in shares of Crane by 63.4% during the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 85 shares in the last quarter. Allworth Financial LP boosted its position in shares of Crane by 15.4% in the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after buying an additional 52 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Crane in the second quarter valued at about $96,000. Finally, Front Street Capital Management Inc. purchased a new stake in shares of Crane during the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Trading Down 2.2%

NYSE CR opened at $183.53 on Thursday. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. The company’s fifty day moving average price is $185.65 and its two-hundred day moving average price is $186.23.

Crane (NYSE:CR) last issued its earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share (EPS) 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 business had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. During the same quarter in the prior year, the business posted $1.38 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. As a group, research analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, November 28th. Crane’s dividend payout ratio (DPR) is currently 14.74%.

Analysts Set New Price Targets

CR has been the subject of a number of analyst reports. CJS Securities upgraded Crane to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday. Wolfe Research set a $215.00 price target on shares of Crane and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Stifel Nicolaus decreased their price objective on shares of Crane from $202.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Bank of America lifted their target price on Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $221.83.

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.