Louisiana State Employees Retirement System purchased a new position in Crane (NYSE:CR – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 14,200 shares of the conglomerate’s stock, valued at approximately $2,428,000.
Several other institutional investors and hedge funds have also made changes to their positions in CR. Royal Bank of Canada increased its position in shares of Crane by 27.4% in the 1st quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after acquiring an additional 4,749 shares during the period. Goldman Sachs Group Inc. grew its stake in Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after purchasing an additional 84,278 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 purchasing an additional 4,217 shares during the last quarter. Focus Partners Wealth increased its holdings 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 purchasing an additional 246 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Crane in the second quarter worth about $207,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Crane
In other news, Director Susan D. Lynch bought 150 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the purchase, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.12% of the stock is currently owned by company insiders.
Crane Stock Performance
Crane (NYSE:CR – Get Free Report) last posted its earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping the consensus estimate of $1.44 by $0.21. The firm had revenue of $696.40 million for the quarter, compared to analyst estimates of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.Crane’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, equities analysts expect that Crane will post 7.87 EPS for the current year.
Crane Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane’s payout ratio is 18.35%.
Analyst Upgrades and Downgrades
CR has been the topic of a number of recent research reports. Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Crane in a research report on Monday, June 1st. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus raised shares of Crane from a “hold” rating to a “buy” rating and upped their price objective for the company from $200.00 to $215.00 in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $226.33.
Check Out Our Latest Report on CR
Crane Company 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.
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