Kestra Private Wealth Services LLC Buys Shares of 2,949 Crane $CR

Kestra Private Wealth Services LLC purchased a new position in shares of Crane (NYSE:CR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,949 shares of the conglomerate’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CR. TD Capital Management LLC acquired a new position in shares of Crane in the fourth quarter valued at approximately $27,000. Headlands Technologies LLC acquired a new stake in Crane during the second quarter worth approximately $29,000. Flagship Harbor Advisors LLC acquired a new stake in Crane during the fourth quarter worth approximately $33,000. Kelleher Financial Advisors purchased a new stake in Crane in the 3rd quarter worth approximately $33,000. Finally, Financial Consulate Inc. grew its stake in Crane by 100.0% in the 4th quarter. Financial Consulate Inc. now owns 200 shares of the conglomerate’s stock worth $37,000 after acquiring an additional 100 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Crane in a research note on Monday, June 1st. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and upped their target price for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $226.33.

Crane Price Performance

Crane stock opened at $217.81 on Friday. Crane has a 1 year low of $159.58 and a 1 year high of $226.46. The firm has a 50 day moving average price of $192.69 and a 200 day moving average price of $190.95. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. The company had revenue of $696.40 million for the quarter, compared to the consensus estimate of $672.74 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Sell-side analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Crane’s dividend payout ratio is presently 18.35%.

Insider Buying and Selling at Crane

In other news, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the transaction, the director owned 370 shares of the company’s stock, valued at $65,630.60. This represents a 68.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.12% of the company’s stock.

Crane 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.