Rockefeller Capital Management L.P. Has $5.16 Million Stake in Crane $CR

Rockefeller Capital Management L.P. cut its position in shares of Crane (NYSE:CR) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,180 shares of the conglomerate’s stock after selling 699 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Crane were worth $5,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Crane by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 6,991 shares of the conglomerate’s stock worth $1,327,000 after acquiring an additional 161 shares during the period. Creative Planning boosted its position in shares of Crane by 6.3% during the 2nd quarter. Creative Planning now owns 16,687 shares of the conglomerate’s stock valued at $3,169,000 after purchasing an additional 992 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Crane by 8.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,557 shares of the conglomerate’s stock worth $2,384,000 after purchasing an additional 928 shares during the period. Advisors Capital Management LLC acquired a new stake in Crane during the second quarter worth approximately $231,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in Crane by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 18,537 shares of the conglomerate’s stock worth $3,520,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CR. UBS Group reiterated a “buy” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Bank of America raised their price target on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Wednesday. DA Davidson set a $235.00 target price on Crane in a research report on Thursday, October 30th. Finally, Stifel Nicolaus increased their price target on Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Crane presently has an average rating of “Moderate Buy” and an average target price of $223.60.

Crane Price Performance

CR stock opened at $178.89 on Friday. 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 business has a 50-day simple moving average of $184.09 and a two-hundred day simple moving average of $184.50. The company has a market capitalization of $10.30 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a 52-week low of $127.04 and a 52-week high of $203.89.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, topping the consensus estimate of $1.46 by $0.18. The firm had revenue of $589.20 million during the quarter, compared to the consensus estimate of $578.54 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Research analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be issued 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 payout ratio is 14.74%.

Insider Transactions at Crane

In other Crane news, VP Alejandro Alcala sold 20,791 shares of the stock in a transaction dated Monday, August 25th. The shares were 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 owned 33,526 shares in the company, valued at approximately $6,461,801.24. This trade represents a 38.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.

Crane 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.