Deutsche Bank AG Boosts Stock Position in Crane $CR

Deutsche Bank AG increased its position in shares of Crane (NYSE:CR) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,829 shares of the conglomerate’s stock after acquiring an additional 507 shares during the period. Deutsche Bank AG’s holdings in Crane were worth $1,046,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Select Equity Group L.P. increased its stake in Crane by 25.2% during the fourth quarter. Select Equity Group L.P. now owns 754,170 shares of the conglomerate’s stock worth $114,445,000 after purchasing an additional 151,717 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Crane by 23.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 679,768 shares of the conglomerate’s stock valued at $104,127,000 after purchasing an additional 130,218 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Crane during the 1st quarter worth approximately $18,835,000. Bain Capital Public Equity Management II LLC lifted its holdings in Crane by 27.0% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 431,254 shares of the conglomerate’s stock worth $65,443,000 after buying an additional 91,631 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Crane by 20.9% in the 4th quarter. Northern Trust Corp now owns 460,392 shares of the conglomerate’s stock valued at $69,864,000 after buying an additional 79,481 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Crane Trading Up 2.9%

NYSE:CR opened at $194.1760 on Monday. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. The stock has a market cap of $11.17 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.93 and a beta of 1.26. 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 50-day simple moving average of $189.76 and a 200-day simple moving average of $171.06.

Crane (NYSE:CR) last issued its earnings results on Monday, July 28th. The conglomerate reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.15. The business had revenue of $577.20 million for the quarter, compared to analyst estimates of $567.70 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. As a group, analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio (DPR) is presently 15.31%.

Wall Street Analyst Weigh In

Several research firms have commented on CR. Bank of America boosted their price target on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. DA Davidson boosted their target price on Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Stifel Nicolaus upped their price target on Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Crane from $187.00 to $226.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, UBS Group restated 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. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Crane has a consensus rating of “Moderate Buy” and an average price target of $222.20.

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.