Gamco Investors INC. ET AL Has $196.42 Million Stock Holdings in Crane $CR

Gamco Investors INC. ET AL lessened its stake in Crane (NYSE:CR) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,065,022 shares of the conglomerate’s stock after selling 34,506 shares during the period. Crane comprises about 1.9% of Gamco Investors INC. ET AL’s holdings, making the stock its 3rd biggest position. Gamco Investors INC. ET AL’s holdings in Crane were worth $196,422,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. North Dakota State Investment Board acquired a new stake in Crane during the fourth quarter worth about $322,000. Northwestern Mutual Wealth Management Co. grew its position in Crane by 289,020.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after buying an additional 7,852,692 shares in the last quarter. Bessemer Group Inc. grew its position in Crane by 0.5% during the fourth quarter. Bessemer Group Inc. now owns 194,564 shares of the conglomerate’s stock worth $35,884,000 after buying an additional 916 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Crane by 23.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 4,678 shares of the conglomerate’s stock worth $863,000 after buying an additional 899 shares in the last quarter. Finally, Allworth Financial LP grew its position in Crane by 40.3% during the fourth quarter. Allworth Financial LP now owns 891 shares of the conglomerate’s stock worth $164,000 after buying an additional 256 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $238.00 target price on shares of Crane in a research note on Thursday, January 29th. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Crane in a research note on Tuesday, April 28th. 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. Finally, Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment 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 company. According to data from MarketBeat, Crane has a consensus rating of “Buy” and an average target price of $226.33.

Crane Stock Performance

NYSE:CR opened at $171.73 on Monday. Crane has a 12-month low of $159.58 and a 12-month high of $214.31. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $9.92 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. The firm has a 50-day moving average price of $179.69 and a 200 day moving average price of $187.91.

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

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.02 annualized dividend and a dividend yield of 0.6%. Crane’s dividend payout ratio (DPR) is presently 18.35%.

Insider Buying and Selling at Crane

In other news, Director Susan D. Lynch acquired 150 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the acquisition, the director owned 370 shares in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.12% of the company’s stock.

Crane Company 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.