Artemis Investment Management LLP Acquires New Stake in Crane (NYSE:CR)

27 Jun 2025, 12:03 by Danessa Lincoln · The Markets Daily

Artemis Investment Management LLP bought a new position in shares of Crane (NYSE:CR – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 122,957 shares of the conglomerate’s stock, valued at approximately $18,835,000.

A number of other institutional investors have also recently made changes to their positions in CR. Golden State Wealth Management LLC raised its position 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 acquiring an additional 131 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Crane in the first quarter valued at $1,132,000. River Street Advisors LLC bought a new stake in Crane during the first quarter valued at $252,000. State of Alaska Department of Revenue grew its holdings in Crane by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 11,111 shares of the conglomerate’s stock worth $1,701,000 after acquiring an additional 150 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Crane by 6.0% during the 1st quarter. Ritholtz Wealth Management now owns 6,932 shares of the conglomerate’s stock worth $1,062,000 after acquiring an additional 395 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jason D. Feldman sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the transaction, the senior vice president now directly owns 9,796 shares of the company’s stock, valued at $1,734,871.60. This trade represents a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is currently owned by corporate insiders.

Crane Stock Performance

NYSE CR opened at $188.15 on Friday. The company has a market cap of $10.82 billion, a P/E ratio of 24.92, a PEG ratio of 1.93 and a beta of 1.24. The company has a fifty day simple moving average of $170.81 and a 200 day simple moving average of $161.86. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12-month low of $127.04 and a 12-month high of $191.00.

Crane (NYSE:CR – Get Free Report) last posted its earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The company had revenue of $557.60 million for the quarter, compared to analyst estimates of $546.93 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. Sell-side analysts predict 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, June 11th. Investors of record on Friday, May 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 0.49%. Crane’s payout ratio is 15.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CR. UBS Group set a $215.00 price objective on Crane and gave the company a “buy” rating in a research note on Tuesday, June 10th. DA Davidson reaffirmed a “buy” rating and set a $200.00 price objective on shares of Crane in a research report on Tuesday, June 10th. Stifel Nicolaus lifted their price target on shares of Crane from $144.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Crane from $187.00 to $226.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.75.

Read Our Latest Stock Analysis on Crane

Crane Profile

(Free Report)

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.