Crane $CR Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in shares of Crane (NYSE:CR) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 998,391 shares of the conglomerate’s stock after selling 66,631 shares during the quarter. Crane accounts for 1.7% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 4th biggest holding. Gamco Investors INC. ET AL’s holdings in Crane were worth $170,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arrow Capital Management LLC boosted its position in shares of Crane by 41.1% in the first quarter. Arrow Capital Management LLC now owns 51,478 shares of the conglomerate’s stock worth $8,803,000 after buying an additional 15,000 shares during the period. Caxton Associates LLP acquired a new position in Crane during the first quarter valued at $657,000. Inceptionr LLC acquired a new position in Crane during the first quarter valued at $365,000. Bank of Nova Scotia lifted its stake in Crane by 18.3% in the 1st quarter. Bank of Nova Scotia now owns 34,900 shares of the conglomerate’s stock worth $5,968,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Crane by 18.8% during the 1st quarter. Lido Advisors LLC now owns 3,129 shares of the conglomerate’s stock valued at $535,000 after acquiring an additional 496 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Performance

Shares of CR stock opened at $226.22 on Friday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.99. The stock’s 50-day moving average is $204.46 and its two-hundred day moving average is $194.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market cap of $13.06 billion, a P/E ratio of 29.96, a PEG ratio of 1.93 and a beta of 1.01.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.21. The business had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.255 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is 18.35%.

Insider Buying and Selling

In other Crane news, Director Susan D. Lynch bought 150 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director directly owned 370 shares of the company’s stock, valued at approximately $65,630.60. The trade was a 68.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CR has been the topic of a number of research reports. Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. BMO Capital Markets started coverage on shares of Crane in a research note on Monday. They issued an “outperform” rating and a $253.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $234.00.

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.