Vaughan Nelson Investment Management L.P. Sells 6,845 Shares of Crane $CR

Vaughan Nelson Investment Management L.P. lessened its stake in shares of Crane (NYSE:CR) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,392 shares of the conglomerate’s stock after selling 6,845 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.26% of Crane worth $27,325,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Crane in the second quarter valued at about $29,000. Parkside Financial Bank & Trust increased its stake in shares of Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after buying an additional 85 shares during the period. Mather Group LLC. acquired a new position in shares of Crane in the third quarter valued at approximately $60,000. Allworth Financial LP raised its holdings in Crane by 15.4% in the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock valued at $74,000 after buying an additional 52 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Crane during the 2nd quarter worth approximately $96,000. 75.14% of the stock is currently owned by institutional investors.

Crane Price Performance

CR stock opened at $195.98 on Wednesday. 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 firm has a market cap of $11.29 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.93 and a beta of 1.24. The company’s fifty day simple moving average is $186.63 and its 200 day simple moving average is $187.12. Crane has a 12-month low of $127.04 and a 12-month high of $203.89.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.18. The firm 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 business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

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

Analysts Set New Price Targets

CR has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Wolfe Research set a $215.00 price objective on Crane and gave the company an “outperform” rating in a report on Thursday, December 4th. DA Davidson set a $235.00 target price on Crane in a research report on Thursday, October 30th. Stifel Nicolaus reduced their price target on Crane from $202.00 to $200.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, CJS Securities raised Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $221.83.

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.