Forum Financial Management LP Makes New Investment in Crane $CR

Forum Financial Management LP acquired a new position in shares of Crane (NYSE:CR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,255 shares of the conglomerate’s stock, valued at approximately $238,000.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of Crane by 104.8% during the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock worth $39,000 after buying an additional 131 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Crane during the first quarter worth $76,000. Wayfinding Financial LLC purchased a new stake in shares of Crane during the first quarter worth $105,000. Brooklyn Investment Group grew its holdings in shares of Crane by 35.7% during the first quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after buying an additional 213 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Crane by 70.7% during the first quarter. CWM LLC now owns 920 shares of the conglomerate’s stock worth $141,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CR. Stifel Nicolaus upped their target price on shares of Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Bank of America upped their target price on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane in a report on Wednesday, October 8th. DA Davidson boosted their price target on shares of Crane from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.20.

Insiders Place Their Bets

In related news, VP Alejandro Alcala sold 20,791 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president owned 33,526 shares of the company’s stock, valued at $6,461,801.24. This trade represents a 38.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by company insiders.

Crane Trading Down 0.4%

NYSE CR opened at $191.08 on Tuesday. The firm’s 50-day moving average is $184.44 and its two-hundred day moving average is $179.69. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. 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 stock has a market capitalization of $11.00 billion, a P/E ratio of 25.31, a PEG ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last issued 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 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 business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, sell-side analysts anticipate that Crane will post 7.87 earnings per share for the current year.

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.