Jim Cramer’s Bold Predictions About These 10 Industrial Stocks

4. Crane Company (NYSE:CR)

Number of Hedge Fund Holders In Q3 2024: 39

Date of Cramer’s Comments: 8-22-24

Performance Since Then: 2.06%

Crane Company (NYSE:CR) is a Connecticut-based diversified industrial machinery manufacturer. The firm makes and sells products such as aircraft engine sensors, valves, coils, and panels. It caters to the needs of the aerospace, pharmaceutical, energy, and other industries. Therefore, Crane Company (NYSE:CR) requires a robust non-tech economic performance for the stock to perform. However, Crane Company (NYSE:CR)’s stock, which is up by 32% year-to-date to beat the S&P has benefited from the firm’s acquisitions that have allowed it to grow despite sluggish economic output. The firm’s core sales grew by 5% during Q1 and by 9% in Q2. For the nine months ending in September, Crane Company (NYSE:CR)’s sales grew by 12%. Here’s what Cramer said in August:

“Crane is a well-run company that has pivoted significantly and focuses less on traditional metal bending, now being more high-tech. We’re considering including Crane in our new industrial series managed by our Chief Scientist and Chief Research Director, Ben Stod. The company is strong, and we’re excited about its prospects in the HVAC sector.”