2,776 Shares in Crane $CR Acquired by Pursuit Wealth Management LLC

Pursuit Wealth Management LLC purchased a new position in shares of Crane (NYSE:CR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,776 shares of the conglomerate’s stock, valued at approximately $512,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Crane by 27.4% in the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after buying an additional 4,749 shares during the period. Goldman Sachs Group Inc. raised its position 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 worth $67,524,000 after acquiring an additional 84,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Crane by 3.2% in 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 period. Focus Partners Wealth boosted its position in shares of Crane by 17.0% during the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after purchasing an additional 246 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Crane during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CR shares. Wall Street Zen raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 target price on shares of Crane in a research report on Thursday, January 29th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Crane in a report on Thursday, January 29th. Stifel Nicolaus reduced their price target on shares of Crane from $201.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $223.83.

Insider Buying and Selling at Crane

In other news, Director Jennifer Pollino bought 1,500 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $184.29 per share, with a total value of $276,435.00. Following the completion of the purchase, the director directly owned 1,500 shares in the company, valued at $276,435. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sanjay Kapoor bought 2,814 shares of Crane stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average cost of $177.68 per share, for a total transaction of $499,991.52. Following the acquisition, the director owned 2,814 shares in the company, valued at $499,991.52. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 5,464 shares of company stock valued at $987,470 over the last 90 days. Insiders own 2.12% of the company’s stock.

Crane Trading Down 1.7%

NYSE CR opened at $190.21 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $187.44 and a 200 day simple moving average of $188.13. Crane has a 12 month low of $135.47 and a 12 month high of $214.31. The firm has a market capitalization of $10.97 billion, a P/E ratio of 25.19, a PEG ratio of 1.93 and a beta of 1.34.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $572.16 million. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th were given a dividend of $0.255 per share. This is an increase from Crane’s previous quarterly dividend of $0.23. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 27th. Crane’s dividend payout ratio (DPR) is currently 16.32%.

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.