NorthRock Partners LLC Grows Stock Holdings in Crane $CR

NorthRock Partners LLC increased its position in Crane (NYSE:CR) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,195 shares of the conglomerate’s stock after buying an additional 240 shares during the period. NorthRock Partners LLC’s holdings in Crane were worth $417,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in shares of Crane by 104.8% in the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 131 shares in the last quarter. Westpac Banking Corp bought a new stake in Crane during the 1st quarter valued at approximately $76,000. Fifth Third Bancorp raised its stake in Crane by 31.4% during 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 purchased a new position in Crane in the 1st quarter worth approximately $105,000. Finally, Brooklyn Investment Group boosted its stake in Crane by 35.7% in the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

CR has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. DA Davidson lifted their price target on shares of Crane from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. UBS Group reissued a “buy” rating and set a $230.00 price objective (up previously from $215.00) on shares of Crane in a report on Wednesday, July 30th. Bank of America raised their price objective on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Crane presently has an average rating of “Moderate Buy” and an average target price of $222.20.

Crane Stock Performance

Crane stock opened at $180.50 on Thursday. The company’s 50-day moving average price is $185.43 and its 200-day moving average price is $176.80. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company has a market cap of $10.39 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a twelve month low of $127.04 and a twelve month high of $203.89.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, July 28th. The conglomerate reported $1.49 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 company had revenue of $577.20 million during the quarter, compared to analyst estimates of $567.70 million. During the same quarter last year, the business posted $1.20 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. On average, equities research analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

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

Insider Transactions at Crane

In other Crane news, VP Alejandro Alcala sold 20,791 shares of Crane stock in a transaction on Monday, August 25th. The shares were sold at an average price of $192.74, for a total transaction 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. The trade was a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.