Bain Capital Public Equity Management II LLC Has $151.47 Million Stake in Crane $CR

Bain Capital Public Equity Management II LLC decreased its holdings in Crane (NYSE:CR) by 14.9% in the second quarter, HoldingsChannel.com reports. The fund owned 797,648 shares of the conglomerate’s stock after selling 139,589 shares during the period. Crane comprises about 7.2% of Bain Capital Public Equity Management II LLC’s portfolio, making the stock its 5th largest holding. Bain Capital Public Equity Management II LLC’s holdings in Crane were worth $151,465,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CR. Parkside Financial Bank & Trust lifted its position in shares of Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 85 shares during the period. Allworth Financial LP raised its stake 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 buying an additional 52 shares in the last quarter. Westpac Banking Corp purchased a new stake in Crane in the first quarter worth about $76,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Crane during the 2nd quarter valued at approximately $96,000. Finally, Brooklyn Investment Group grew its holdings in shares of Crane by 35.7% during the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 213 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Trading Down 0.3%

Shares of NYSE CR opened at $187.21 on Tuesday. The firm’s 50 day moving average price is $184.53 and its 200-day moving average price is $185.48. Crane has a 52-week low of $127.04 and a 52-week high of $203.89. 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 company has a market cap of $10.78 billion, a PE ratio of 24.80, a P/E/G ratio of 1.93 and a beta of 1.24.

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

Crane Dividend Announcement

The business 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. The ex-dividend date is Friday, November 28th. This represents a $0.92 annualized dividend and a yield of 0.5%. Crane’s dividend payout ratio is currently 14.74%.

Analyst Upgrades and Downgrades

CR has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Crane from $200.00 to $202.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Wolfe Research set a $215.00 price objective on Crane and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a report on Monday, December 1st. Bank of America increased 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, August 21st. Finally, DA Davidson set a $235.00 price target on shares of Crane in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $222.17.

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.