Vaughan Nelson Investment Management L.P. raised its stake in shares of Crane (NYSE:CR – Free Report) by 61.8% in the first quarter, Holdings Channel reports. The fund owned 248,087 shares of the conglomerate’s stock after acquiring an additional 94,780 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Crane were worth $42,423,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Crane by 289,020.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after purchasing an additional 7,852,692 shares during the last quarter. Capital World Investors raised its stake in shares of Crane by 1.7% in the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock valued at $552,022,000 after acquiring an additional 48,679 shares during the last quarter. Norges Bank bought a new position in shares of Crane in the fourth quarter valued at approximately $198,509,000. Geode Capital Management LLC boosted its holdings in shares of Crane by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Crane by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 842,283 shares of the conglomerate’s stock worth $155,354,000 after acquiring an additional 23,279 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on CR shares. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and increased their target price for the stock from $200.00 to $215.00 in a report on Wednesday, April 29th. Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Crane in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $226.33.
Insider Activity
In other news, Director Susan D. Lynch purchased 150 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the acquisition, the director directly owned 370 shares in the company, valued at approximately $65,630.60. The trade was a 68.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is owned by company insiders.
Crane Stock Performance
Shares of Crane stock opened at $215.43 on Monday. 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 firm has a 50 day simple moving average of $186.79 and a 200 day simple moving average of $188.79. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $216.19. The firm has a market cap of $12.44 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.93 and a beta of 1.12.
Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 earnings per share (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 the consensus estimate of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Sell-side analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Announces Dividend
The company also recently declared 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. 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 dividend payout ratio is 18.35%.
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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