MBL Wealth LLC purchased a new stake in shares of Crane (NYSE:CR – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,813 shares of the conglomerate’s stock, valued at approximately $982,000.
Other institutional investors also recently modified their holdings of the company. NBT Bank N.A. purchased a new position in Crane in the 3rd quarter worth approximately $247,000. Vest Financial LLC raised its position in shares of Crane by 52.0% during the 3rd quarter. Vest Financial LLC now owns 30,168 shares of the conglomerate’s stock valued at $6,155,000 after buying an additional 10,319 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Crane by 2.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,041 shares of the conglomerate’s stock worth $620,000 after acquiring an additional 87 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Crane by 7.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 5,179 shares of the conglomerate’s stock worth $1,057,000 after acquiring an additional 375 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Crane by 1.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,657 shares of the conglomerate’s stock worth $4,214,000 after acquiring an additional 271 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.
Crane Price Performance
CR stock opened at $182.65 on Friday. The firm has a market cap of $10.56 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.25 and a beta of 1.02. The firm’s fifty day moving average is $203.82 and its 200 day moving average is $201.54. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.84 and a current ratio of 2.80.
Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.11. Crane had a net margin of 12.97% and a return on equity of 18.67%. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts predict that Crane will post 6.99 earnings per share for the current year.
Crane Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were issued a $0.2550 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 0.6%. Crane’s payout ratio is currently 17.83%.
Insider Buying and Selling at Crane
In other news, Director James Tullis sold 400 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $205.38, for a total value of $82,152.00. Following the completion of the sale, the director owned 5,021 shares of the company’s stock, valued at approximately $1,031,212.98. The trade was a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.12% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Crane from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. DA Davidson restated a “buy” rating and set a $245.00 price target on shares of Crane in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research note on Tuesday, September 1st. Stifel Nicolaus increased their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, BMO Capital Markets assumed coverage on Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $239.00.
Check Out Our Latest Report on CR
Crane Company Profile
Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.
Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.
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