Jump Financial LLC Grows Stake in Crane $CR

Key Points

• Jump Financial LLC increased its stake in Crane by 31.8% during the 1st quarter, bringing its total holdings to 27,622 shares valued at $4.23 million.
• Crane reported $1.49 EPS for the recent quarter, exceeding analyst expectations, and set FY 2025 guidance at 5.500-5.800 EPS.
• The company declared a quarterly dividend of $0.23 per share, with a dividend yield of 0.5%, scheduled for payment on September 10th.

Jump Financial LLC increased its holdings in shares of Crane (NYSE:CR - Free Report) by 31.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,622 shares of the conglomerate's stock after purchasing an additional 6,664 shares during the quarter. Jump Financial LLC's holdings in Crane were worth $4,231,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Crane during the fourth quarter worth about $5,532,000. Golden State Wealth Management LLC boosted its stake in Crane by 104.8% during the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock valued at $39,000 after buying an additional 131 shares during the last quarter. Twelve Points Wealth Management LLC boosted its stake in Crane by 19.6% during the first quarter. Twelve Points Wealth Management LLC now owns 11,405 shares of the conglomerate's stock valued at $1,747,000 after buying an additional 1,870 shares during the last quarter. HB Wealth Management LLC bought a new position in Crane during the first quarter valued at approximately $339,000. Finally, Alps Advisors Inc. boosted its stake in Crane by 14.1% during the first quarter. Alps Advisors Inc. now owns 41,970 shares of the conglomerate's stock valued at $6,429,000 after buying an additional 5,197 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Crane Price Performance

NYSE:CR opened at $192.2370 on Tuesday. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.93 and a beta of 1.26. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. The business has a 50 day simple moving average of $189.96 and a 200-day simple moving average of $171.20. 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 - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.15. The business had revenue of $577.20 million during the quarter, compared to analyst estimates of $567.70 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Crane's dividend payout ratio (DPR) is currently 15.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CR shares. UBS Group reissued a "buy" rating and set a $230.00 price target (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. DA Davidson increased their price target on Crane from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Stifel Nicolaus increased their price target on Crane from $189.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, Bank of America increased their price target on Crane from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.20.

About Crane

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.

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