Shaker Investments LLC OH Buys New Position in Crane $CR

Shaker Investments LLC OH purchased a new stake in Crane (NYSE:CR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,574 shares of the conglomerate’s stock, valued at approximately $842,000.

Several other institutional investors have also added to or reduced their stakes in CR. Norges Bank bought a new stake in shares of Crane during the 2nd quarter valued at about $190,533,000. Bain Capital Public Equity Management II LLC lifted its holdings in Crane by 117.3% in the first quarter. Bain Capital Public Equity Management II LLC now owns 937,237 shares of the conglomerate’s stock worth $143,566,000 after buying an additional 505,983 shares during the period. Geode Capital Management LLC boosted its position in Crane by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock valued at $164,135,000 after acquiring an additional 4,744 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Crane by 1.1% during the 2nd quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock worth $139,938,000 after acquiring an additional 8,151 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after acquiring an additional 84,278 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Crane Price Performance

Shares of NYSE:CR opened at $187.75 on Friday. The business has a fifty day moving average price of $186.76 and a 200-day moving average price of $186.71. 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 company has a market capitalization of $10.81 billion, a PE ratio of 24.87, a PEG ratio of 1.93 and a beta of 1.24. Crane has a 1-year low of $127.04 and a 1-year high of $203.89.

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

Crane Dividend Announcement

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

About Crane

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.