10,319 Crane $CR Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of Crane (NYSE:CR) by 52.0% in the third quarter, Holdings Channel reports. The fund owned 30,168 shares of the conglomerate’s stock after purchasing an additional 10,319 shares during the period. Vest Financial LLC’s holdings in Crane were worth $6,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in Crane by 2.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,041 shares of the conglomerate’s stock valued at $620,000 after buying an additional 87 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Crane by 7.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 5,179 shares of the conglomerate’s stock worth $1,057,000 after acquiring an additional 375 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Crane by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,657 shares of the conglomerate’s stock worth $4,214,000 after acquiring an additional 271 shares during the period. Novem Group boosted its holdings in shares of Crane by 1.7% in the third quarter. Novem Group now owns 5,746 shares of the conglomerate’s stock valued at $1,172,000 after acquiring an additional 96 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC purchased a new stake in shares of Crane in the third quarter valued at about $248,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Crane Trading Down 3.4%

Shares of CR opened at $182.65 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 firm’s 50-day moving average is $203.82 and its two-hundred day moving average is $201.54. Crane has a twelve month low of $159.58 and a twelve month high of $230.50. The firm has a market capitalization of $10.56 billion, a P/E ratio of 31.93, a PEG ratio of 2.25 and a beta of 1.02.

Crane (NYSE:CR) last posted its quarterly earnings results 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 net margin of 12.97% and a return on equity of 18.67%. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. During the same period last year, the firm earned $1.49 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts predict that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were issued a $0.2550 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. Crane’s dividend payout ratio is currently 17.83%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director James Tullis sold 614 shares of the firm’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 completion of the transaction, the director directly owned 5,421 shares of the company’s stock, valued at $1,219,725. This trade represents a 10.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by insiders.

Crane Company Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.

Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.