2,730 Shares in Crane $CR Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in Crane (NYSE:CR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,730 shares of the conglomerate’s stock, valued at approximately $503,000.

Other hedge funds also recently made changes to their positions in the company. EFG Asset Management North America Corp. bought a new stake in shares of Crane during the 3rd quarter valued at about $1,651,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Crane by 276.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,402 shares of the conglomerate’s stock worth $1,026,000 after buying an additional 3,967 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Crane by 86.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 136,413 shares of the conglomerate’s stock worth $25,119,000 after buying an additional 63,401 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Crane by 8.2% during the 3rd quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock worth $90,196,000 after buying an additional 37,026 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Crane by 5,159.8% in the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock valued at $44,216,000 after acquiring an additional 228,424 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Crane Price Performance

Shares of NYSE CR opened at $187.78 on Friday. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $214.31. The firm’s 50-day simple moving average is $192.02 and its 200 day simple moving average is $188.53.

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

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Crane’s previous quarterly dividend of $0.23. Crane’s payout ratio is presently 16.32%.

Insider Activity

In other news, Director Jennifer Pollino bought 1,500 shares of the stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $184.29 per share, for a total transaction of $276,435.00. Following the completion of the acquisition, the director directly owned 1,500 shares in the company, valued at approximately $276,435. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Max H. Mitchell purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average price of $183.71 per share, for a total transaction of $183,710.00. Following the completion of the acquisition, the chief executive officer owned 410,667 shares of the company’s stock, valued at $75,443,634.57. The trade was a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 5,464 shares of company stock worth $987,470. 2.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on CR shares. Stifel Nicolaus increased their target price on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wolfe Research set a $215.00 price objective on shares of Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Crane in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $224.00.

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.