Crane $CR Stock Position Increased by Bain Capital Public Equity LP

Key Points

• Bain Capital Public Equity LP increased its stake in Crane by 22.0%, acquiring an additional 15,725 shares, making it the fund's second largest holding at 14.6% of its portfolio.
• Crane's recent quarterly earnings exceeded expectations, with an EPS of $1.49 compared to the consensus estimate of $1.34, and the firm reported a 9.2% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.23 per share, with an ex-dividend date set for August 29th, representing a potential yield of 0.5%.

Bain Capital Public Equity LP increased its position in shares of Crane (NYSE:CR - Free Report) by 22.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,071 shares of the conglomerate's stock after buying an additional 15,725 shares during the period. Crane accounts for 14.6% of Bain Capital Public Equity LP's holdings, making the stock its 2nd biggest holding. Bain Capital Public Equity LP owned about 0.15% of Crane worth $13,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Crane in the fourth quarter valued at $5,532,000. Golden State Wealth Management LLC increased its stake in Crane by 104.8% in the first 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 in the last quarter. Twelve Points Wealth Management LLC increased its stake in Crane by 19.6% in the first quarter. Twelve Points Wealth Management LLC now owns 11,405 shares of the conglomerate's stock valued at $1,747,000 after purchasing an additional 1,870 shares in the last quarter. Jump Financial LLC increased its stake in Crane by 31.8% in the first quarter. Jump Financial LLC now owns 27,622 shares of the conglomerate's stock valued at $4,231,000 after purchasing an additional 6,664 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Crane in the first quarter valued at $339,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Crane Stock Down 0.6%

CR stock traded down $1.06 during trading on Friday, reaching $184.03. The stock had a trading volume of 232,921 shares, compared to its average volume of 311,451. Crane has a one year low of $127.04 and a one year high of $203.89. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $190.82 and its two-hundred day moving average is $172.18. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.93 and a beta of 1.25.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.15. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $577.20 million during the quarter, compared to the consensus estimate of $567.70 million. During the same period in the prior year, the firm posted $1.20 EPS. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities research analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Crane's payout ratio is presently 15.31%.

Wall Street Analyst Weigh In

CR has been the subject of several research analyst reports. Bank of America lifted their price target on shares of Crane from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. UBS Group reaffirmed a "buy" rating and issued a $230.00 price target (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. DA Davidson boosted their target price on shares of Crane from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of Crane from $189.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.20.

Insiders Place Their Bets

In other Crane news, VP Alejandro Alcala sold 20,791 shares of the business's stock in a transaction dated 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 in the company, valued at $6,461,801.24. The trade was a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is currently owned by insiders.

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.