South Shore Capital Advisors Purchases New Stake in Crane $CR

South Shore Capital Advisors purchased a new stake in Crane (NYSE:CR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,893 shares of the conglomerate’s stock, valued at approximately $718,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new stake in Crane in the fourth quarter valued at $33,000. Signaturefd LLC raised its holdings in Crane by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock valued at $215,000 after acquiring an additional 58 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Crane in the fourth quarter valued at $217,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Crane by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the conglomerate’s stock worth $2,844,000 after purchasing an additional 84 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Crane by 3.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 153,307 shares of the conglomerate’s stock worth $28,274,000 after purchasing an additional 4,915 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CR has been the topic of a number of research reports. 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 report on Friday, January 23rd. CJS Securities raised shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 target price on shares of Crane in a report on Thursday, January 29th. Finally, DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Crane in a report on Thursday, January 29th. Two equities 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 presently has an average rating of “Buy” and an average price target of $224.00.

Crane Stock Up 2.7%

CR stock opened at $172.56 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. 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 $187.13 and its 200 day simple moving average is $187.85. The stock has a market cap of $9.95 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.34.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 earnings per share 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 business 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 earned $1.38 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, sell-side analysts predict that Crane will post 7.87 EPS for the current year.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were issued a $0.255 dividend. This is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. Crane’s dividend payout ratio is 16.32%.

Insiders Place Their Bets

In other news, Director Susan D. Lynch acquired 150 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average price of $182.22 per share, with a total value of $27,333.00. Following the acquisition, the director directly owned 220 shares in the company, valued at approximately $40,088.40. The trade was a 214.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Max H. Mitchell acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of $183.71 per share, for a total transaction of $183,710.00. Following the acquisition, the chief executive officer owned 410,667 shares in the company, valued at approximately $75,443,634.57. This trade represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 5,464 shares of company stock worth $987,470. 2.12% of the stock is owned by company insiders.

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.