Campbell & CO Investment Adviser LLC Invests $754,000 in Crane $CR

Campbell & CO Investment Adviser LLC acquired a new stake in Crane (NYSE:CR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,973 shares of the conglomerate’s stock, valued at approximately $754,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Crane in the second quarter valued at about $420,000. Parkside Financial Bank & Trust raised its holdings in Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 85 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Crane by 6.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 6,666 shares of the conglomerate’s stock worth $1,266,000 after purchasing an additional 377 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Crane by 2.0% during the 2nd quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock worth $618,000 after purchasing an additional 63 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Crane by 1.0% in the second quarter. Sterling Capital Management LLC now owns 56,750 shares of the conglomerate’s stock valued at $10,776,000 after purchasing an additional 571 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Performance

NYSE:CR opened at $183.46 on Friday. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market capitalization of $10.57 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The business’s fifty day moving average price is $184.63 and its 200 day moving average price is $183.99.

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

Crane Dividend Announcement

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

Insider Activity

In other news, VP Alejandro Alcala sold 20,791 shares of Crane stock in a transaction 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 transaction, the vice president directly owned 33,526 shares of the company’s stock, valued at $6,461,801.24. The trade was a 38.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.12% of the company’s stock.

Wall Street Analysts Forecast Growth

CR has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and set a $230.00 price target (up previously from $215.00) on shares of Crane in a report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Thursday. DA Davidson set a $235.00 target price on Crane in a research note on Thursday, October 30th. Bank of America lifted their target price on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus upped their price target on Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.60.

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.