Capital World Investors Buys 21,901 Shares of Crane $CR

Capital World Investors grew its position in Crane (NYSE:CR) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,944,444 shares of the conglomerate’s stock after acquiring an additional 21,901 shares during the quarter. Capital World Investors owned about 5.11% of Crane worth $542,190,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Horizon Corp purchased a new position in shares of Crane during the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Crane during the second quarter worth $29,000. Assetmark Inc. grew its stake in 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 in the last quarter. Parkside Financial Bank & Trust raised its position in Crane by 63.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 85 shares in the last quarter. Finally, State of Wyoming raised 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. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Crane in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $238.00 price objective on shares of Crane in a report on Thursday, January 29th. Finally, CJS Securities upgraded Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Two research 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 stock. According to data from MarketBeat, Crane currently has an average rating of “Buy” and a consensus price target of $224.00.

Insider Transactions at Crane

In other news, Director Sanjay Kapoor purchased 2,814 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $177.68 per share, for a total transaction of $499,991.52. Following the completion of the purchase, the director directly owned 2,814 shares of the company’s stock, valued at $499,991.52. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jennifer Pollino bought 1,500 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $184.29 per share, for a total transaction of $276,435.00. Following the purchase, the director owned 1,500 shares in the company, valued at approximately $276,435. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 5,464 shares of company stock worth $987,470 in the last ninety days. Company insiders own 2.12% of the company’s stock.

Crane Price Performance

CR stock opened at $190.13 on Wednesday. The business has a 50 day simple moving average of $197.92 and a 200-day simple moving average of $189.64. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. 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 company has a market capitalization of $10.97 billion, a P/E ratio of 25.18, a PEG ratio of 1.93 and a beta of 1.18.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (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 analysts’ expectations of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, equities analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Increases Dividend

The business also recently announced 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 is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is currently 16.32%.

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.