Fort Washington Investment Advisors Inc. OH Has $17.12 Million Position in Crane $CR

Fort Washington Investment Advisors Inc. OH lifted its holdings in Crane (NYSE:CR) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 92,974 shares of the conglomerate’s stock after buying an additional 4,452 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Crane were worth $17,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Crane during the second quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its stake in Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after buying an additional 85 shares during the period. Allworth Financial LP boosted its holdings in shares of Crane by 15.4% during the 2nd 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Crane during the 2nd quarter worth approximately $96,000. Finally, Front Street Capital Management Inc. acquired a new stake in shares of Crane during the 2nd quarter worth approximately $143,000. Institutional investors own 75.14% of the company’s stock.

Crane Trading Down 0.4%

NYSE:CR opened at $187.47 on Wednesday. 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 50-day moving average of $186.73 and a 200-day moving average of $186.77. The company has a market cap of $10.80 billion, a PE ratio of 24.83, a PEG ratio of 1.93 and a beta of 1.24. Crane has a one year low of $127.04 and a one year high of $203.89.

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

Crane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 28th. This represents a $0.92 annualized dividend and a yield of 0.5%. Crane’s dividend payout ratio is 14.74%.

Analyst Ratings Changes

CR has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Monday. Wolfe Research set a $215.00 price target on shares of Crane and gave the company an “outperform” rating in a research note on Thursday, December 4th. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson set a $235.00 price objective on shares of Crane in a research report on Thursday, October 30th. Finally, Stifel Nicolaus decreased their target price on Crane from $202.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $221.83.

About Crane

Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation.

With roots dating back to its founding in 1855 in Chicago by R.T.