Crane $CR Stake Raised by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its holdings in Crane (NYSE:CR) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,788 shares of the conglomerate’s stock after acquiring an additional 85 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Crane were worth $339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CR. Matrix Trust Co increased its holdings in shares of Crane by 4.3% in the 2nd quarter. Matrix Trust Co now owns 1,599 shares of the conglomerate’s stock valued at $304,000 after purchasing an additional 66 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Crane by 3.1% in the 1st quarter. EP Wealth Advisors LLC now owns 2,445 shares of the conglomerate’s stock valued at $375,000 after purchasing an additional 74 shares during the period. TD Asset Management Inc increased its holdings in shares of Crane by 0.5% in the 1st quarter. TD Asset Management Inc now owns 19,326 shares of the conglomerate’s stock valued at $2,960,000 after purchasing an additional 92 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Crane by 4.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,432 shares of the conglomerate’s stock valued at $373,000 after purchasing an additional 95 shares during the period. Finally, Intrust Bank NA increased its holdings in shares of Crane by 2.7% in the 1st quarter. Intrust Bank NA now owns 3,686 shares of the conglomerate’s stock valued at $565,000 after purchasing an additional 98 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Transactions at Crane

In other Crane news, VP Alejandro Alcala sold 20,791 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $192.74, for a total transaction of $4,007,257.34. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.12% of the company’s stock.

Crane Stock Performance

Crane stock opened at $180.50 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The stock has a fifty day moving average price of $185.43 and a two-hundred day moving average price of $176.80. Crane has a 52-week low of $127.04 and a 52-week high of $203.89. The firm has a market capitalization of $10.39 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.93 and a beta of 1.22.

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

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio (DPR) is 15.31%.

Analyst Upgrades and Downgrades

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

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.