The Manufacturers Life Insurance Company Has $45 Million Holdings in Crane $CR

The Manufacturers Life Insurance Company increased its holdings in Crane (NYSE:CR) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 263,166 shares of the conglomerate’s stock after purchasing an additional 19,247 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Crane were worth $45,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quantinno Capital Management LP raised its position in Crane by 5.8% during the 1st quarter. Quantinno Capital Management LP now owns 45,549 shares of the conglomerate’s stock worth $7,789,000 after purchasing an additional 2,515 shares during the last quarter. SummitTX Capital L.P. grew its position in shares of Crane by 6.7% in the 1st quarter. SummitTX Capital L.P. now owns 11,934 shares of the conglomerate’s stock valued at $2,041,000 after buying an additional 752 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Crane in the 1st quarter valued at about $2,343,000. Themes Management Co LLC increased its stake in shares of Crane by 66.4% in the first quarter. Themes Management Co LLC now owns 2,458 shares of the conglomerate’s stock valued at $420,000 after buying an additional 981 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its position in shares of Crane by 1,652.8% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate’s stock worth $38,174,000 after acquiring an additional 210,502 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on CR shares. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Stifel Nicolaus boosted their price target on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. DA Davidson upped their price objective on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets initiated coverage on shares of Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $236.33.

Crane Stock Up 4.1%

Shares of NYSE:CR opened at $215.10 on Friday. Crane has a 1 year low of $159.58 and a 1 year high of $230.50. 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 business’s 50-day moving average is $208.21 and its 200-day moving average is $194.81. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.93 and a beta of 1.01.

Crane (NYSE:CR) last released its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, topping the consensus estimate of $1.68 by $0.11. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $708.46 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities research analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

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

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.