Crane $CR Position Lowered by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH trimmed its position in Crane (NYSE:CR) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 147,167 shares of the conglomerate’s stock after selling 2,521 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Crane were worth $30,025,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CR. Bradley Foster & Sargent Inc. CT increased its holdings in Crane by 1,652.8% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate’s stock worth $38,174,000 after purchasing an additional 210,502 shares in the last quarter. First Trust Advisors LP raised its position in Crane by 98.3% in the first quarter. First Trust Advisors LP now owns 202,045 shares of the conglomerate’s stock valued at $34,550,000 after purchasing an additional 100,157 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Crane by 61.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 248,087 shares of the conglomerate’s stock valued at $42,423,000 after purchasing an additional 94,780 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Crane by 497.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 90,650 shares of the conglomerate’s stock valued at $15,675,000 after purchasing an additional 75,482 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Crane by 24.5% during the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after purchasing an additional 71,086 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Performance

CR stock opened at $205.81 on Friday. The stock has a 50-day moving average price of $206.47 and a 200-day moving average price of $200.51. Crane has a 1-year low of $159.58 and a 1-year 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 firm has a market cap of $11.90 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.

Crane (NYSE:CR) last announced its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. Crane had a return on equity of 18.67% and a net margin of 12.97%. The company had revenue of $724.70 million for the quarter, compared to the consensus estimate of $708.46 million. During the same period in the previous year, the business earned $1.49 EPS. The firm’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. As a group, equities research analysts expect that Crane will post 6.99 earnings per share for the current year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were issued a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 31st. Crane’s payout ratio is presently 17.83%.

Wall Street Analyst Weigh In

CR has been the topic of several research reports. BMO Capital Markets initiated coverage on Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on Crane in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of Crane from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. DA Davidson reiterated a “buy” rating and issued a $245.00 price objective on shares of Crane in a report on Tuesday, September 15th. Finally, Stifel Nicolaus lifted their target price on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, Crane currently has an average rating of “Buy” and a consensus price target of $239.00.

Insider Transactions at Crane

In other Crane news, Director James 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 transaction, the director directly owned 5,421 shares of the company’s stock, valued at approximately $1,219,725. The trade was a 10.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.12% of the company’s stock.

Crane Company Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products and solutions for aerospace, industrial, process flow and other specialized markets. The company serves customers that require products designed for demanding operating environments, including applications involving the movement and control of fluids.

Crane’s businesses include aerospace and electronics products, process flow equipment and engineered materials.