New York Life Investment Management LLC Makes New $914,000 Investment in Crane $CR

New York Life Investment Management LLC acquired a new stake in Crane (NYSE:CR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,964 shares of the conglomerate’s stock, valued at approximately $914,000.

Other institutional investors have also modified their holdings of the company. EFG Asset Management North America Corp. acquired a new stake in Crane in the 3rd quarter valued at $1,651,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Crane by 276.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,402 shares of the conglomerate’s stock worth $1,026,000 after buying an additional 3,967 shares during the period. Principal Financial Group Inc. grew its stake in shares of Crane by 8.2% in the third quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock valued at $90,196,000 after buying an additional 37,026 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Crane by 86.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 136,413 shares of the conglomerate’s stock valued at $25,119,000 after buying an additional 63,401 shares during the period. Finally, Prudential Financial Inc. lifted its position in Crane by 5,159.8% during the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock worth $44,216,000 after acquiring an additional 228,424 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Price Performance

Shares of CR stock opened at $200.34 on Friday. The firm has a fifty day moving average of $193.81 and a two-hundred day moving average of $188.95. The firm has a market cap of $11.54 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.93 and a beta of 1.24. Crane has a 1-year low of $127.04 and a 1-year high of $214.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last issued its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. This is a boost from Crane’s previous quarterly dividend of $0.23. Crane’s dividend payout ratio (DPR) is 16.32%.

Insider Transactions at Crane

In other news, CEO Max H. Mitchell purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average cost of $183.71 per share, with a total value of $183,710.00. Following the transaction, the chief executive officer owned 410,667 shares in the company, valued at approximately $75,443,634.57. The trade was a 0.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sanjay Kapoor acquired 2,814 shares of Crane stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of $177.68 per share, for a total transaction of $499,991.52. Following the completion of the purchase, the director directly owned 2,814 shares of the company’s stock, valued at $499,991.52. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 5,464 shares of company stock valued at $987,470 over the last 90 days. Insiders own 2.12% of the company’s stock.

Analyst Ratings Changes

CR has been the subject of several recent research reports. Wolfe Research set a $215.00 price objective on shares of Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Crane in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 price target on shares of Crane in a research note on Thursday, January 29th. Stifel Nicolaus raised their target price on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Crane has an average rating of “Buy” and an average price target of $224.00.

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.