1,062 Shares in Crane $CR Purchased by Profund Advisors LLC

Profund Advisors LLC bought a new position in Crane (NYSE:CR) during the second quarter, Holdings Channel reports. The institutional investor bought 1,062 shares of the conglomerate’s stock, valued at approximately $202,000.

Other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in shares of Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 85 shares during the last quarter. Westpac Banking Corp bought a new stake in Crane in the first quarter valued at $76,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Crane during the second quarter valued at $96,000. Brooklyn Investment Group boosted its holdings in shares of Crane by 35.7% during the first quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 213 shares during the period. Finally, CWM LLC grew its position in shares of Crane by 70.7% during the first quarter. CWM LLC now owns 920 shares of the conglomerate’s stock worth $141,000 after acquiring an additional 381 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Alejandro Alcala sold 20,791 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly 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 SEC, which is available at the SEC website. 2.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Crane Stock Performance

Shares of NYSE CR opened at $183.46 on Monday. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. 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 fifty day moving average price of $184.63 and a two-hundred day moving average price of $184.33. The firm has a market cap of $10.57 billion, a P/E ratio of 24.30, a PEG ratio of 1.93 and a beta of 1.22.

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

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 28th. Crane’s payout ratio is presently 14.74%.

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.