2,490 Shares of Crane $CR Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC bought a new stake in Crane (NYSE:CR) during the 3rd quarter, Holdings Channel reports. The firm bought 2,490 shares of the conglomerate’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CR. Dimensional Fund Advisors LP increased its position in Crane by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock worth $144,622,000 after purchasing an additional 3,678 shares during the period. Janus Henderson Group PLC increased its position in shares of Crane by 24.5% in the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after buying an additional 71,086 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Crane by 7.9% during the first quarter. The Manufacturers Life Insurance Company now owns 263,166 shares of the conglomerate’s stock worth $45,001,000 after acquiring an additional 19,247 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Crane by 61.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 248,087 shares of the conglomerate’s stock worth $42,423,000 after purchasing an additional 94,780 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in shares of Crane by 1,652.8% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate’s stock worth $38,174,000 after acquiring an additional 210,502 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Up 0.1%

Shares of Crane stock opened at $205.86 on Friday. 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 capitalization of $11.90 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.45 and a beta of 1.02. Crane has a twelve month low of $159.58 and a twelve month high of $230.50. The business’s 50 day simple moving average is $206.18 and its 200-day simple moving average is $200.55.

Crane (NYSE:CR) last announced its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities research analysts forecast that Crane will post 6.99 earnings per share for the current year.

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were given a dividend of $0.2550 per share. 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 17.83%.

Insider Transactions at Crane

In related news, Director James Tullis sold 614 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares in the company, valued at $1,219,725. This represents a 10.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Crane

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.