2,949 Shares in Crane $CR Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new stake in Crane (NYSE:CR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 2,949 shares of the conglomerate’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Crane by 89.1% in the first quarter. Assenagon Asset Management S.A. now owns 135,475 shares of the conglomerate’s stock worth $23,166,000 after acquiring an additional 63,848 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Crane by 61.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 248,087 shares of the conglomerate’s stock valued at $42,423,000 after acquiring an additional 94,780 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Crane by 92.7% during the 4th quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate’s stock valued at $21,198,000 after acquiring an additional 54,619 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Crane by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 21,077 shares of the conglomerate’s stock worth $3,887,000 after purchasing an additional 1,670 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Crane by 189.8% during the 4th quarter. Corient Private Wealth LLC now owns 37,722 shares of the conglomerate’s stock worth $6,957,000 after purchasing an additional 24,705 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Crane

In other Crane news, Director Susan D. Lynch bought 150 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director owned 370 shares in the company, valued at $65,630.60. The trade was a 68.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by corporate insiders.

Crane Trading Up 0.1%

NYSE CR opened at $217.81 on Friday. The stock has a market cap of $12.58 billion, a P/E ratio of 28.85, a PEG ratio of 1.93 and a beta of 1.00. The company’s fifty day simple moving average is $192.69 and its 200-day simple moving average is $190.95. 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 52 week low of $159.58 and a 52 week high of $226.46.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Equities research analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were paid a dividend of $0.255 per share. The ex-dividend date was Friday, May 29th. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. Crane’s dividend payout ratio (DPR) is currently 18.35%.

Analyst Ratings Changes

Several research firms have commented on CR. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and raised their price objective for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Crane in a research report on Monday, June 1st. Wall Street Zen downgraded Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $226.33.

About Crane

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.