Chesapeake Capital Corp IL Makes New $633,000 Investment in Crane $CR

Chesapeake Capital Corp IL acquired a new position in shares of Crane (NYSE:CR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,438 shares of the conglomerate’s stock, valued at approximately $633,000.

A number of other large investors have also modified their holdings of CR. Capital World Investors boosted its holdings in Crane by 0.7% in the third quarter. Capital World Investors now owns 2,944,444 shares of the conglomerate’s stock valued at $542,190,000 after purchasing an additional 21,901 shares during the period. Norges Bank purchased a new stake in Crane during the 2nd quarter worth about $190,533,000. Geode Capital Management LLC raised its position in Crane by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock valued at $164,135,000 after purchasing an additional 4,744 shares in the last quarter. Invesco Ltd. raised its position in Crane by 2.3% in the 3rd quarter. Invesco Ltd. now owns 776,700 shares of the conglomerate’s stock valued at $143,022,000 after purchasing an additional 17,132 shares in the last quarter. Finally, Select Equity Group L.P. boosted its stake in shares of Crane by 1.1% in the 2nd quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock valued at $139,938,000 after buying an additional 8,151 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Price Performance

CR stock opened at $171.42 on Friday. The business has a 50 day moving average price of $197.58 and a 200 day moving average price of $189.41. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.93 and a beta of 1.18. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $214.31. 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 (NYSE:CR) last announced 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. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. 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. Equities research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were paid a dividend of $0.255 per share. The ex-dividend date was Friday, February 27th. This represents a $1.02 annualized dividend and a yield of 0.6%. This is an increase from Crane’s previous quarterly dividend of $0.23. Crane’s dividend payout ratio (DPR) is 16.32%.

Insider Transactions at Crane

In related news, SVP Jason D. Feldman sold 2,693 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $201.95, for a total value of $543,851.35. Following the completion of the sale, the senior vice president directly owned 10,639 shares of the company’s stock, valued at $2,148,546.05. The trade was a 20.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jennifer Pollino acquired 1,500 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were purchased at an average cost of $184.29 per share, for a total transaction of $276,435.00. Following the acquisition, the director owned 1,500 shares of the company’s stock, valued at approximately $276,435. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 5,464 shares of company stock valued at $987,470 over the last quarter. 2.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen raised Crane from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus lifted their price target on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated 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 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 report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $224.00.

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.