Crane $CR Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Crane (NYSE:CR) by 44.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,787 shares of the conglomerate’s stock after acquiring an additional 56,324 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of Crane worth $33,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Horizon Corp acquired a new stake in Crane in the third quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of Crane during the 2nd quarter worth about $29,000. Assetmark Inc. lifted its stake in shares of Crane by 57.9% in the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 66 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 85 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Crane by 217.0% in the third quarter. State of Wyoming now owns 279 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Crane

In other news, SVP Jason D. Feldman sold 2,693 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.95, for a total value of $543,851.35. Following the transaction, the senior vice president owned 10,639 shares in the company, valued at $2,148,546.05. This represents a 20.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was bought at an average price of $182.22 per share, with a total value of $27,333.00. Following the transaction, the director owned 220 shares in the company, valued at approximately $40,088.40. This represents a 214.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 5,464 shares of company stock worth $987,470. Company insiders own 2.12% of the company’s stock.

Crane Price Performance

CR stock opened at $200.44 on Friday. Crane has a one year low of $127.04 and a one year high of $214.31. The firm has a 50-day moving average of $196.61 and a two-hundred day moving average of $189.45. The firm has a market capitalization of $11.54 billion, a PE ratio of 26.55, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, beating 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 business had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be given 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 is Friday, February 27th. This is a boost from Crane’s previous quarterly dividend of $0.23. Crane’s dividend payout ratio is 16.32%.

Wall Street Analyst Weigh In

CR has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Crane in a report on Thursday, January 29th. CJS Securities raised Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price target on shares of Crane in a research report on Thursday, January 29th. Finally, Wolfe Research set a $215.00 price objective on shares of Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $224.00.

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.