Janney Montgomery Scott LLC Buys 123 Shares of Crane $CR

Janney Montgomery Scott LLC raised its stake in shares of Crane (NYSE:CR) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,173 shares of the conglomerate’s stock after acquiring an additional 123 shares during the period. Janney Montgomery Scott LLC’s holdings in Crane were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Crane by 104.8% during the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 131 shares during the last quarter. Westpac Banking Corp purchased a new stake in shares of Crane during the 1st quarter valued at about $76,000. Fifth Third Bancorp increased its position in shares of Crane by 31.4% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate’s stock valued at $87,000 after purchasing an additional 136 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Crane during the 1st quarter valued at about $105,000. Finally, Brooklyn Investment Group increased its position in shares of Crane by 35.7% during the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, VP Alejandro Alcala sold 20,791 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was 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 trade represents a 38.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is owned by insiders.

Crane Price Performance

NYSE:CR opened at $183.57 on Friday. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.93 and a beta of 1.22. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. The business has a 50 day simple moving average of $184.95 and a 200-day simple moving average of $177.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last posted its quarterly earnings data 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. The business had revenue of $577.20 million during 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 company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CR. DA Davidson upped their price target on shares of Crane from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a report on Wednesday, October 8th. UBS Group reissued 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. Bank of America increased their target price on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus increased their target price on shares of Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.