Sumitomo Mitsui Trust Group Inc. Buys 5,269 Shares of Crane $CR

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Crane (NYSE:CR) by 80.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,785 shares of the conglomerate’s stock after purchasing an additional 5,269 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Crane were worth $2,015,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CR. InTrack Investment Management Inc increased its holdings in Crane by 3.2% in the 4th quarter. InTrack Investment Management Inc now owns 1,607 shares of the conglomerate’s stock valued at $296,000 after buying an additional 50 shares during the period. Signaturefd LLC lifted its holdings in shares of Crane by 5.2% during the 4th quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock worth $215,000 after acquiring an additional 58 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Crane by 0.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock worth $3,098,000 after acquiring an additional 65 shares during the period. Cresset Asset Management LLC boosted its position in shares of Crane by 2.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,245 shares of the conglomerate’s stock worth $616,000 after acquiring an additional 76 shares in the last quarter. Finally, Aviva PLC increased its stake in Crane by 3.0% in the fourth quarter. Aviva PLC now owns 2,671 shares of the conglomerate’s stock valued at $493,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CR. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and lifted their price target for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $226.33.

Crane Price Performance

Shares of NYSE:CR opened at $218.85 on Thursday. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $198.86 and a 200 day simple moving average of $192.66. Crane has a one year low of $159.58 and a one year high of $226.46.

Crane (NYSE:CR) last posted its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. The firm had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $672.74 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Research analysts predict 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 was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a dividend of $0.255 per share. The ex-dividend date was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is currently 18.35%.

Insider Transactions at Crane

In other news, Director Susan D. Lynch bought 150 shares of the stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $177.38 per share, with a total value of $26,607.00. Following the acquisition, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by insiders.

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.