Y Intercept Hong Kong Ltd Purchases Shares of 9,793 Crane $CR

Y Intercept Hong Kong Ltd acquired a new position in shares of Crane (NYSE:CR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,793 shares of the conglomerate’s stock, valued at approximately $1,803,000.

A number of other institutional investors have also added to or reduced their stakes in CR. Norges Bank bought a new stake in Crane in the second quarter valued at $190,533,000. Prudential Financial Inc. lifted its holdings 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 worth $44,216,000 after acquiring an additional 228,424 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Crane by 299.7% in the second quarter. AQR Capital Management LLC now owns 234,131 shares of the conglomerate’s stock worth $43,876,000 after buying an additional 175,554 shares during the period. Franklin Resources Inc. lifted its stake in Crane by 117.5% in the second quarter. Franklin Resources Inc. now owns 216,314 shares of the conglomerate’s stock worth $41,076,000 after acquiring an additional 116,881 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after buying an additional 84,278 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. CJS Securities raised shares of Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 target price on shares of Crane in a report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Crane in a research note on Thursday. Finally, Wolfe Research set a $215.00 price target on Crane and gave the stock an “outperform” rating in a report on Thursday, December 4th. Two 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $224.00.

Crane Stock Down 1.7%

Shares of NYSE:CR opened at $179.24 on Friday. The stock has a market capitalization of $10.32 billion, a P/E ratio of 23.74, a PEG ratio of 1.93 and a beta of 1.24. The stock has a 50-day simple moving average of $191.41 and a 200-day simple moving average of $188.55. Crane has a 1 year low of $127.04 and a 1 year high of $214.31. 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 (NYSE:CR) last issued its earnings results 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 analysts’ expectations of $572.16 million. During the same quarter last year, the company posted $1.38 earnings per share. Crane’s revenue was up 6.8% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Equities analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The company also recently declared 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. This represents a $1.02 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. Crane’s dividend payout ratio is currently 14.72%.

Crane 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.