2,363 Shares in Crane $CR Bought by Simmons Bank

Simmons Bank purchased a new stake in Crane (NYSE:CR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,363 shares of the conglomerate’s stock, valued at approximately $404,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Tudor Investment Corp ET AL lifted its holdings in Crane by 314.8% in the third quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate’s stock worth $13,774,000 after buying an additional 56,768 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Crane by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 183,787 shares of the conglomerate’s stock worth $33,843,000 after acquiring an additional 56,324 shares during the period. Citigroup Inc. grew its holdings in shares of Crane by 23.0% during the 3rd quarter. Citigroup Inc. now owns 33,480 shares of the conglomerate’s stock worth $6,165,000 after acquiring an additional 6,258 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Crane in the 3rd quarter worth approximately $3,709,000. Finally, Geode Capital Management LLC raised its position 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. 75.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Susan D. Lynch bought 150 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the completion of the acquisition, the director owned 370 shares of the company’s stock, valued at approximately $65,630.60. This represents a 68.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CR shares. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and lifted their price target for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Wall Street Zen downgraded 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 cut 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 given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $226.33.

Crane Stock Up 1.2%

Shares of NYSE:CR opened at $222.93 on Wednesday. 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 stock has a fifty day simple moving average of $190.73 and a two-hundred day simple moving average of $190.38. Crane has a 12-month low of $159.58 and a 12-month high of $226.46. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.93 and a beta of 1.12.

Crane (NYSE:CR) last released its earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. The firm had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, research analysts anticipate 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 paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Crane’s dividend payout ratio (DPR) is currently 18.35%.

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.