18,215 Shares in Crane $CR Bought by Madison Asset Management LLC

Madison Asset Management LLC bought a new stake in Crane (NYSE:CR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,215 shares of the conglomerate’s stock, valued at approximately $4,063,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC purchased a new position in shares of Crane in the 4th quarter worth about $27,000. Headlands Technologies LLC acquired a new stake in Crane during the 2nd quarter worth approximately $29,000. Kelleher Financial Advisors acquired a new stake in Crane during the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. purchased a new position in Crane in the first quarter valued at approximately $34,000. Finally, IFP Advisors Inc raised its holdings in Crane by 193.7% in the fourth quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock valued at $43,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Stock Performance

Crane stock opened at $206.50 on Friday. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.94 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The stock has a 50 day moving average of $217.37 and a 200-day moving average of $196.70.

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

Crane Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane’s dividend payout ratio (DPR) is currently 17.83%.

Insider Activity at Crane

In other news, Director James L. L Tullis sold 614 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the sale, the director directly owned 5,421 shares in the company, valued at approximately $1,219,725. The trade was a 10.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CR. DA Davidson boosted their price objective 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 raised shares of Crane from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus increased their price target on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets started coverage on Crane in a research report on Monday, July 20th. They issued an “outperform” rating and a $253.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $238.60.

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.