NewEdge Advisors LLC Sells 2,719 Shares of Crane $CR

NewEdge Advisors LLC decreased its holdings in Crane (NYSE:CR) by 43.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,597 shares of the conglomerate’s stock after selling 2,719 shares during the period. NewEdge Advisors LLC’s holdings in Crane were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Crane by 289,020.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after buying an additional 7,852,692 shares during the period. Norges Bank bought a new stake in Crane during the 4th quarter valued at $198,509,000. Freestone Grove Partners LP purchased a new stake in shares of Crane during the fourth quarter worth $76,171,000. AQR Capital Management LLC lifted its position in shares of Crane by 85.6% during the fourth quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate’s stock worth $147,519,000 after acquiring an additional 368,816 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Crane by 4,412.6% in the fourth quarter. Federated Hermes Inc. now owns 240,836 shares of the conglomerate’s stock worth $44,417,000 after acquiring an additional 235,499 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CR. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus increased their price objective on Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a report on Monday, July 20th. BMO Capital Markets began coverage on Crane in a research note on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price for the company. DA Davidson lifted their target price on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Crane from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, Crane presently has an average rating of “Buy” and a consensus target price of $238.60.

Crane Stock Down 1.2%

CR opened at $206.50 on Friday. The company has a fifty day moving average price of $217.37 and a 200-day moving average price of $196.70. The firm has a market capitalization of $11.94 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84. Crane has a one year low of $159.58 and a one year high of $230.50.

Crane (NYSE:CR) last issued its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.11. The company had revenue of $724.70 million for the quarter, compared to the consensus estimate of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities research analysts expect that Crane will post 6.96 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s dividend payout ratio is currently 17.83%.

Insider Buying and Selling at Crane

In other Crane news, Director James L. L Tullis sold 614 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the sale, the director 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 legal filing with the SEC, which is available at this link. 2.12% of the stock is currently owned by insiders.

About Crane

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.