Crane $CR Stock Holdings Boosted by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in Crane (NYSE:CR) by 121.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,456 shares of the conglomerate’s stock after purchasing an additional 2,445 shares during the period. Krilogy Financial LLC’s holdings in Crane were worth $911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Crane by 1,652.8% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate’s stock worth $38,174,000 after buying an additional 210,502 shares in the last quarter. First Trust Advisors LP increased its holdings in Crane by 98.3% in the 1st quarter. First Trust Advisors LP now owns 202,045 shares of the conglomerate’s stock worth $34,550,000 after purchasing an additional 100,157 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Crane by 61.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 248,087 shares of the conglomerate’s stock worth $42,423,000 after purchasing an additional 94,780 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Crane by 497.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 90,650 shares of the conglomerate’s stock valued at $15,675,000 after purchasing an additional 75,482 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Crane by 24.5% during the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after purchasing an additional 71,086 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings raised Crane from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft set a $240.00 target price on shares of Crane in a research report on Tuesday, September 1st. BMO Capital Markets assumed coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price on the stock. DA Davidson reissued a “buy” rating and set a $245.00 target price on shares of Crane in a report on Tuesday, September 15th. Finally, Stifel Nicolaus raised their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $239.00.

Insider Buying and Selling at Crane

In related news, Director James Tullis sold 614 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the sale, the director owned 5,421 shares in the company, valued at $1,219,725. This represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.12% of the company’s stock.

Crane Trading Up 0.1%

Crane stock traded up $0.13 during mid-day trading on Friday, hitting $205.86. 320,173 shares of the stock were exchanged, compared to its average volume of 360,524. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The firm’s fifty day simple moving average is $206.18 and its two-hundred day simple moving average is $200.55. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.45 and a beta of 1.02.

Crane (NYSE:CR) last posted its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Analysts forecast that Crane will post 6.99 EPS for the current year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were given a $0.2550 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. Crane’s dividend payout ratio (DPR) is 17.83%.

Crane Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products and solutions for aerospace, industrial, process flow and other specialized markets. The company serves customers that require products designed for demanding operating environments, including applications involving the movement and control of fluids.

Crane’s businesses include aerospace and electronics products, process flow equipment and engineered materials.