Crane $CR Stake Lessened by UMB Bank n.a.

UMB Bank n.a. decreased its holdings in shares of Crane (NYSE:CR) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 602 shares of the conglomerate’s stock after selling 85 shares during the quarter. UMB Bank n.a.’s holdings in Crane were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CR. EP Wealth Advisors LLC increased its stake in shares of Crane by 3.1% in the first quarter. EP Wealth Advisors LLC now owns 2,445 shares of the conglomerate’s stock worth $375,000 after acquiring an additional 74 shares during the last quarter. TD Asset Management Inc increased its position in Crane by 0.5% in the 1st quarter. TD Asset Management Inc now owns 19,326 shares of the conglomerate’s stock worth $2,960,000 after purchasing an additional 92 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Crane by 4.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,432 shares of the conglomerate’s stock worth $373,000 after purchasing an additional 95 shares in the last quarter. Intrust Bank NA grew its stake in shares of Crane by 2.7% in the 1st quarter. Intrust Bank NA now owns 3,686 shares of the conglomerate’s stock valued at $565,000 after buying an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Crane by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the conglomerate’s stock worth $2,083,000 after buying an additional 100 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crane

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Crane from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crane from $187.00 to $226.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Stifel Nicolaus boosted their price target on Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Bank of America increased their price objective on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, UBS Group restated a “buy” rating and issued a $230.00 target price (up from $215.00) on shares of Crane in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Crane has a consensus rating of “Moderate Buy” and an average target price of $222.20.

Crane Trading Down 1.5%

Crane stock opened at $179.08 on Thursday. The business has a 50 day moving average price of $188.96 and a two-hundred day moving average price of $174.15. 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 has a 12 month low of $127.04 and a 12 month high of $203.89. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25.

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

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 29th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Crane’s payout ratio is currently 15.31%.

About Crane

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.