Chesapeake Capital Corp IL Invests $633,000 in Crane $CR

Chesapeake Capital Corp IL bought a new stake in Crane (NYSE:CR) during the third quarter, Holdings Channel reports. The institutional investor bought 3,438 shares of the conglomerate’s stock, valued at approximately $633,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of Crane by 27.4% in the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after buying an additional 4,749 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Crane by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after buying an additional 84,278 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Crane by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock worth $20,951,000 after buying an additional 4,217 shares during the last quarter. Focus Partners Wealth increased its position in Crane by 17.0% in the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Crane during the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Crane

In related news, CEO Max H. Mitchell acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average price of $183.71 per share, with a total value of $183,710.00. Following the completion of the acquisition, the chief executive officer owned 410,667 shares in the company, valued at approximately $75,443,634.57. This represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason D. Feldman sold 2,693 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.95, for a total transaction of $543,851.35. Following the transaction, the senior vice president owned 10,639 shares in the company, valued at $2,148,546.05. The trade was a 20.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 5,464 shares of company stock valued at $987,470. 2.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

CR has been the subject of a number of recent research reports. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $238.00 target price on shares of Crane in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Wolfe Research set a $215.00 price objective on shares of Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $224.00.

Crane Trading Down 4.4%

Shares of CR stock opened at $171.42 on Friday. The business’s fifty day moving average price is $197.58 and its 200 day moving average price is $189.41. Crane has a 1-year low of $127.04 and a 1-year high of $214.31. The firm has a market capitalization of $9.89 billion, a PE ratio of 22.70, a P/E/G ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last released its earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The company 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%.Crane’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, sell-side analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

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

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.