Vanguard Personalized Indexing Management LLC Buys 862 Shares of Crane $CR

Vanguard Personalized Indexing Management LLC raised its stake in Crane (NYSE:CR) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,794 shares of the conglomerate’s stock after buying an additional 862 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Crane were worth $1,290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of Crane by 104.8% in the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 131 shares during the period. Westpac Banking Corp acquired a new position in shares of Crane in the 1st quarter valued at about $76,000. Fifth Third Bancorp lifted its stake in shares of Crane by 31.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate’s stock valued at $87,000 after purchasing an additional 136 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Crane in the 1st quarter valued at about $105,000. Finally, 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 period. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CR. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on Crane from $189.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Bank of America boosted their price objective on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. DA Davidson upped their price target on Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crane currently has a consensus rating of “Moderate Buy” and an average price target of $222.20.

Crane Stock Performance

Shares of Crane stock opened at $183.57 on Friday. The company has a market cap of $10.56 billion, a PE ratio of 24.31, 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. The business has a 50 day moving average price of $184.95 and a 200-day moving average price of $177.32. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, topping the consensus estimate of $1.34 by $0.15. The firm had revenue of $577.20 million during the quarter, compared to the consensus estimate of $567.70 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. Crane’s dividend payout ratio is 15.31%.

Insider Activity

In other news, VP Alejandro Alcala sold 20,791 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 33,526 shares of the company’s stock, valued at $6,461,801.24. This represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.12% of the stock is currently owned by corporate insiders.

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.