Hsbc Holdings PLC Purchases 54,619 Shares of Crane $CR

Hsbc Holdings PLC raised its position in Crane (NYSE:CR – Free Report) by 92.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 113,556 shares of the conglomerate’s stock after purchasing an additional 54,619 shares during the quarter. Hsbc Holdings PLC’s holdings in Crane were worth $21,198,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. TD Capital Management LLC bought a new stake in shares of Crane in the fourth quarter worth about $27,000. MidFirst Bank purchased a new position in Crane during the 4th quarter valued at about $352,000. Pacer Advisors Inc. raised its position in Crane by 12.7% during the 4th quarter. Pacer Advisors Inc. now owns 7,270 shares of the conglomerate’s stock valued at $1,341,000 after purchasing an additional 820 shares during the last quarter. Arrow Capital Management LLC bought a new position in Crane during the 4th quarter valued at approximately $6,728,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Crane in the 4th quarter worth approximately $114,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Get Crane alerts:

Insider Activity 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 purchased at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the acquisition, the director owned 370 shares in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CR. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and boosted their target price for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. Finally, Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two 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 stock currently has an average rating of “Buy” and an average target price of $226.33.

Get Our Latest Research Report on CR

Crane Stock Up 0.7%

CR stock opened at $214.35 on Thursday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $217.46. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The business’s 50 day moving average price is $188.26 and its two-hundred day moving average price is $189.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR – Get Free Report) last released its earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $672.74 million. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

About Crane

(Free Report)

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.

Read More

• Five stocks we like better than Crane
• Why KB Home Could Reward Patient Investors Later
• Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
• Tesla’s New NHTSA Probe Lands at the Worst Possible Time
• Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus

Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane (NYSE:CR – Free Report).

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.