Royal Bank of Canada Cuts Holdings in Crane $CR

Royal Bank of Canada reduced its position in Crane (NYSE:CR) by 74.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,589 shares of the conglomerate’s stock after selling 52,974 shares during the period. Royal Bank of Canada’s holdings in Crane were worth $3,179,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CR. Goldman Sachs Group Inc. increased its holdings in shares of Crane by 23.6% in the 1st 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 increased its stake in 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 acquiring an additional 4,217 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of 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 purchasing an additional 246 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Crane in the 2nd quarter valued at approximately $207,000. Finally, First Trust Advisors LP increased its position in shares of Crane by 10.6% during the 2nd quarter. First Trust Advisors LP now owns 75,159 shares of the conglomerate’s stock valued at $14,272,000 after purchasing an additional 7,227 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Trading Down 0.1%

CR stock opened at $218.76 on Friday. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The firm’s 50-day moving average is $216.29 and its 200 day moving average is $195.97. The company has a market capitalization of $12.64 billion, a PE ratio of 38.24, a P/E/G ratio of 2.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84.

Crane (NYSE:CR) last released its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.11. Crane had a net margin of 12.97% and a return on equity of 18.67%. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $708.46 million. During the same period in the previous year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts anticipate that Crane will post 6.96 EPS for the current year.

Crane Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets initiated coverage on Crane in a research report on Monday, July 20th. They issued an “outperform” rating and a $253.00 price target for the company. DA Davidson lifted their price target on shares of Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a research report on Friday, July 31st. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus upped their target price on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $236.33.

Insider Buying and Selling

In other Crane news, Director James L. L Tullis sold 614 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the sale, the director directly owned 5,421 shares of the company’s stock, valued at approximately $1,219,725. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate 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.