Crane $CR Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of Crane (NYSE:CR) by 74.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,589 shares of the conglomerate’s stock after selling 52,974 shares during the period. Royal Bank of Canada’s holdings in Crane were worth $3,179,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Crane by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after acquiring an additional 84,278 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Crane by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock valued at $20,951,000 after acquiring an additional 4,217 shares during the period. Focus Partners Wealth increased its position in shares of Crane by 17.0% in the first quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after buying an additional 246 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Crane in the 2nd quarter worth $207,000. Finally, First Trust Advisors LP increased its stake in shares of Crane by 10.6% during the second quarter. First Trust Advisors LP now owns 75,159 shares of the conglomerate’s stock worth $14,272,000 after purchasing an additional 7,227 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Stock Down 0.1%

Shares of NYSE CR opened at $218.76 on Friday. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.63 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. Crane has a 52-week low of $159.58 and a 52-week high of $230.50. The business’s 50 day moving average is $216.29 and its two-hundred day moving average is $195.97.

Crane (NYSE:CR) last released its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.11. Crane had a return on equity of 18.67% and a net margin of 12.97%.The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $708.46 million. During the same period in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts predict that Crane will post 6.96 EPS for the current year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s dividend payout ratio (DPR) is 17.83%.

Insider Buying and Selling

In related news, Director James L. L Tullis sold 614 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director directly owned 5,421 shares in the company, valued at $1,219,725. This trade represents a 10.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CR shares. Stifel Nicolaus increased their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. DA Davidson lifted their price target on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets started coverage on Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Crane presently has a consensus rating of “Buy” and a consensus target price of $236.33.

Crane Profile

Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation.

With roots dating back to its founding in 1855 in Chicago by R.T.