Crane $CR Holdings Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in shares of Crane (NYSE:CR) by 6.0% in the second quarter, Holdings Channel.com reports. The firm owned 6,666 shares of the conglomerate’s stock after purchasing an additional 377 shares during the period. Los Angeles Capital Management LLC’s holdings in Crane were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Westpac Banking Corp bought a new stake in Crane in the first quarter worth approximately $76,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Crane during the 2nd quarter valued at $96,000. Brooklyn Investment Group lifted its stake in shares of Crane by 35.7% in the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 213 shares during the last quarter. CWM LLC boosted its holdings in Crane by 70.7% in the first quarter. CWM LLC now owns 920 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 381 shares in the last quarter. Finally, AlphaQuest LLC increased its position in Crane by 39.4% during the first quarter. AlphaQuest LLC now owns 924 shares of the conglomerate’s stock worth $142,000 after buying an additional 261 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Crane

In other news, VP Alejandro Alcala sold 20,791 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $192.74, for a total value of $4,007,257.34. Following the completion of the sale, the vice president directly owned 33,526 shares in the company, valued at approximately $6,461,801.24. This trade represents a 38.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.12% of the company’s stock.

Analysts Set New Price Targets

CR has been the subject of a number of analyst reports. Bank of America boosted their price target on Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. UBS Group reissued a “buy” rating and issued a $230.00 price objective (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Weiss Ratings raised Crane from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. DA Davidson set a $235.00 price target on Crane in a report on Thursday, October 30th. Finally, Stifel Nicolaus lifted their price target on shares of Crane from $200.00 to $202.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Crane currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.60.

Crane Stock Up 1.4%

CR opened at $190.89 on Thursday. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $203.89. The company has a market capitalization of $10.99 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.93 and a beta of 1.22. The firm’s fifty day moving average price is $184.63 and its two-hundred day moving average price is $183.73. 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 (NYSE:CR) last issued its earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. The business had revenue of $589.20 million during the quarter, compared to analysts’ expectations of $578.54 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.Crane’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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

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.