Crane $CR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its position in Crane (NYSE:CR) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 140,668 shares of the conglomerate’s stock after purchasing an additional 6,879 shares during the period. Rhumbline Advisers’ holdings in Crane were worth $25,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Crane during the second quarter valued at approximately $190,533,000. Geode Capital Management LLC boosted its holdings in shares of Crane by 0.6% during the second quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock worth $164,135,000 after purchasing an additional 4,744 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Crane by 1.1% in the second quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock valued at $139,938,000 after purchasing an additional 8,151 shares during the period. Principal Financial Group Inc. increased its stake in Crane by 8.2% in the third quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock valued at $90,196,000 after purchasing an additional 37,026 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in 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 period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jennifer Pollino purchased 1,500 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average cost of $184.29 per share, with a total value of $276,435.00. Following the acquisition, the director owned 1,500 shares in the company, valued at approximately $276,435. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Lynch purchased 150 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of $182.22 per share, for a total transaction of $27,333.00. Following the purchase, the director directly owned 220 shares in the company, valued at $40,088.40. This trade represents a 214.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 5,464 shares of company stock worth $987,470. Company insiders own 2.12% of the company’s stock.

Crane Stock Performance

NYSE:CR opened at $200.34 on Tuesday. The firm’s fifty day simple moving average is $194.07 and its 200 day simple moving average is $188.87. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, beating the consensus estimate of $1.43 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. During the same period last year, the company posted $1.38 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, equities research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. This is a positive change from Crane’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 27th. Crane’s dividend payout ratio is 16.32%.

Analyst Ratings Changes

CR has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Crane in a research note on Thursday, January 29th. CJS Securities raised shares of Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Stifel Nicolaus boosted their price objective on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 target price on shares of Crane in a research report on Thursday, January 29th. Finally, Wolfe Research set a $215.00 price target on Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. Two equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $224.00.

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.