Pacer Advisors Inc. Buys Shares of 6,450 Crane $CR

Pacer Advisors Inc. purchased a new position in shares of Crane (NYSE:CR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,450 shares of the conglomerate’s stock, valued at approximately $1,188,000.

Several other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in Crane by 15.4% in the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after purchasing an additional 52 shares during the last quarter. MAI Capital Management boosted its position in shares of Crane by 3.1% during the second quarter. MAI Capital Management now owns 1,933 shares of the conglomerate’s stock worth $367,000 after buying an additional 58 shares during the period. AE Wealth Management LLC boosted its position in shares of Crane by 2.0% during the second quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock worth $618,000 after buying an additional 63 shares during the period. Matrix Trust Co grew its holdings in Crane by 4.3% in the 2nd quarter. Matrix Trust Co now owns 1,599 shares of the conglomerate’s stock worth $304,000 after buying an additional 66 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in Crane by 3.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,170 shares of the conglomerate’s stock valued at $412,000 after acquiring an additional 67 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Crane Stock Down 1.8%

CR stock opened at $184.20 on Friday. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. The firm has a market cap of $10.61 billion, a PE ratio of 24.40, a P/E/G ratio of 1.93 and a beta of 1.24. The firm has a 50 day simple moving average of $186.56 and a 200 day simple moving average of $186.73. 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 results 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. The firm had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Equities research analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

Analyst Ratings Changes

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

Crane Profile

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.