Shaker Investments LLC OH Takes Position in Crane $CR

Shaker Investments LLC OH acquired a new stake in shares of Crane (NYSE:CR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,574 shares of the conglomerate’s stock, valued at approximately $842,000.

A number of other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC bought a new position in Crane during the 2nd quarter valued at about $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Crane by 63.4% during the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP lifted its position in Crane by 15.4% during the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock valued at $74,000 after purchasing an additional 52 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Crane in the second quarter worth approximately $96,000. Finally, Front Street Capital Management Inc. bought a new stake in Crane in the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Stock Down 0.3%

NYSE CR opened at $187.75 on Friday. Crane has a 52 week low of $127.04 and a 52 week high of $203.89. 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 capitalization of $10.81 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The stock’s 50-day moving average price is $186.76 and its 200-day moving average price is $186.71.

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

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, November 28th. Crane’s dividend payout ratio (DPR) is presently 14.74%.

Analyst Upgrades and Downgrades

CR has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Monday, December 22nd. DA Davidson set a $235.00 target price on Crane in a report on Thursday, October 30th. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus reduced their price target on shares of Crane from $202.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Wolfe Research set a $215.00 price objective on shares of Crane and gave the stock an “outperform” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $221.83.

Crane Company Profile

Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation.

With roots dating back to its founding in 1855 in Chicago by R.T.