Segall Bryant & Hamill LLC Trims Stock Holdings in Crane $CR

Segall Bryant & Hamill LLC reduced its stake in shares of Crane (NYSE:CR) by 26.1% during the first quarter, Holdings Channel reports. The institutional investor owned 120,121 shares of the conglomerate’s stock after selling 42,517 shares during the period. Segall Bryant & Hamill LLC’s holdings in Crane were worth $20,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Crane by 289,020.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after acquiring an additional 7,852,692 shares in the last quarter. Norges Bank purchased a new position in Crane during the fourth quarter valued at approximately $198,509,000. Freestone Grove Partners LP bought a new position in shares of Crane in the fourth quarter worth approximately $76,171,000. AQR Capital Management LLC boosted its position in shares of Crane by 85.6% in the fourth quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate’s stock worth $147,519,000 after purchasing an additional 368,816 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Crane by 4,412.6% in the fourth quarter. Federated Hermes Inc. now owns 240,836 shares of the conglomerate’s stock worth $44,417,000 after purchasing an additional 235,499 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Crane Price Performance

CR stock opened at $214.16 on Friday. Crane has a one year low of $159.58 and a one year high of $230.50. The company’s fifty day moving average price is $208.90 and its 200-day moving average price is $194.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market capitalization of $12.37 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Crane (NYSE:CR) last posted its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $708.46 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane’s dividend payout ratio is 17.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, DA Davidson boosted their price objective on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Crane currently has a consensus rating of “Buy” and a consensus target price of $236.33.

About Crane

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.