Retirement Planning Group LLC Makes New $714,000 Investment in Crane $CR

Retirement Planning Group LLC bought a new position in shares of Crane (NYSE:CR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,876 shares of the conglomerate’s stock, valued at approximately $714,000.

Several other institutional investors have also recently made changes to their positions in CR. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Crane by 14.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,160 shares of the conglomerate’s stock valued at $1,134,000 after purchasing an additional 758 shares in the last quarter. First Horizon Corp purchased a new position in Crane during the third quarter valued at $26,000. Forum Financial Management LP boosted its holdings in shares of Crane by 8.0% during the 3rd quarter. Forum Financial Management LP now owns 1,356 shares of the conglomerate’s stock valued at $250,000 after buying an additional 101 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Crane in the 3rd quarter worth about $1,006,000. Finally, HB Wealth Management LLC grew its position in shares of Crane by 21.2% in the 3rd quarter. HB Wealth Management LLC now owns 2,715 shares of the conglomerate’s stock worth $500,000 after buying an additional 475 shares during the period. Institutional investors own 75.14% of the company’s stock.

Crane Stock Down 0.8%

Crane stock opened at $203.19 on Thursday. Crane has a one year low of $127.04 and a one year high of $207.77. The stock has a fifty day moving average of $187.82 and a 200 day moving average of $187.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a market cap of $11.70 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last released its quarterly 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 return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $589.20 million during the quarter, compared to the consensus estimate of $578.54 million. During the same period in the previous year, the company posted $1.38 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. As a group, sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The firm 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 is currently 14.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CR. 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, December 4th. CJS Securities upgraded shares of 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, December 29th. DA Davidson set a $235.00 price objective on Crane in a research report on Thursday, October 30th. Finally, Stifel Nicolaus dropped their target price on Crane from $202.00 to $200.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Crane presently has a consensus rating of “Buy” and an average price target of $221.83.

About Crane

Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation.

With roots dating back to its founding in 1855 in Chicago by R.T.