Tudor Investment Corp ET AL grew its position in Crane (NYSE:CR – Free Report) by 314.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,801 shares of the conglomerate’s stock after buying an additional 56,768 shares during the period. Tudor Investment Corp ET AL owned 0.13% of Crane worth $13,774,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new stake in Crane during the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Crane in the second quarter valued at approximately $29,000. Assetmark Inc. grew its holdings in Crane by 57.9% in the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Kelleher Financial Advisors acquired a new position in shares of Crane during the third quarter worth $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Crane during the third quarter worth $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Insider Transactions at Crane
In other Crane news, Director Jennifer Pollino purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were bought at an average price of $184.29 per share, for a total transaction of $276,435.00. Following the acquisition, the director owned 1,500 shares in the company, valued at $276,435. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sanjay Kapoor acquired 2,814 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average price of $177.68 per share, with a total value of $499,991.52. Following the completion of the purchase, the director owned 2,814 shares in the company, valued at approximately $499,991.52. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 5,464 shares of company stock valued at $987,470 over the last quarter. Company insiders own 2.12% of the company’s stock.
Crane Price Performance
Crane (NYSE:CR – Get Free Report) last issued its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The company had revenue of $581.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, equities research analysts predict that Crane will post 7.87 EPS for the current year.
Crane Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis 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 of this dividend was Friday, February 27th. Crane’s dividend payout ratio is presently 16.32%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on CR shares. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a research report on Friday, March 27th. Wall Street Zen upgraded Crane from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Stifel Nicolaus raised their price target on Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $238.00 price objective on shares of Crane in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued 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 a consensus target price of $224.00.
View Our Latest Analysis on CR
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.
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