Crane $CR Stock Position Lowered by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in Crane (NYSE:CR) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,815 shares of the conglomerate’s stock after selling 1,175 shares during the quarter. Montag A & Associates Inc.’s holdings in Crane were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CR. Allworth Financial LP raised its position in Crane by 15.4% in the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after acquiring an additional 52 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Crane by 4.6% in the 2nd quarter. ProShare Advisors LLC now owns 2,167 shares of the conglomerate’s stock worth $411,000 after purchasing an additional 95 shares during the last quarter. Profund Advisors LLC bought a new stake in shares of Crane in the 2nd quarter worth approximately $202,000. PFG Advisors bought a new stake in shares of Crane in the 2nd quarter worth approximately $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Crane during the second quarter valued at approximately $754,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CR has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on shares of Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Bank of America raised their price objective on Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. DA Davidson set a $235.00 target price on Crane in a report on Thursday, October 30th. UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $215.00) on shares of Crane in a research report on Wednesday, July 30th. Finally, Weiss Ratings upgraded Crane from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Five 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, Crane presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.60.

Crane Price Performance

Shares of NYSE:CR opened at $187.50 on Wednesday. The company’s fifty day moving average is $184.46 and its two-hundred day moving average is $183.68. The company has a market cap of $10.80 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. Crane has a 12-month low of $127.04 and a 12-month 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.

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

Crane Dividend Announcement

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

Insider Buying and Selling at Crane

In other news, VP Alejandro Alcala sold 20,791 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $192.74, for a total value of $4,007,257.34. Following the completion of the sale, the vice president directly owned 33,526 shares of the company’s stock, valued at $6,461,801.24. This represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is 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.