Quantinno Capital Management LP boosted its holdings in Crane (NYSE:CR – Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,549 shares of the conglomerate’s stock after buying an additional 2,515 shares during the quarter. Quantinno Capital Management LP’s holdings in Crane were worth $7,789,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of CR. TD Capital Management LLC bought a new stake in shares of Crane during the 4th quarter worth $27,000. Headlands Technologies LLC acquired a new stake in shares of Crane during the second quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Crane during the fourth quarter valued at $33,000. Kelleher Financial Advisors purchased a new stake in shares of Crane during the third quarter valued at $33,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Crane in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CR. DA Davidson lifted their price target on Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets started coverage on shares of Crane in a report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a research report on Friday, July 31st. Stifel Nicolaus boosted their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Crane has a consensus rating of “Buy” and a consensus target price of $236.33.
Crane Trading Down 0.3%
NYSE:CR opened at $223.39 on Thursday. 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 has a fifty-two week low of $159.58 and a fifty-two week high of $230.50. The stock’s 50-day moving average is $211.43 and its two-hundred day moving average is $195.26. The stock has a market cap of $12.91 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.
Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings results 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. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. During the same period in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, equities research analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s payout ratio is currently 17.83%.
Key Crane News
Here are the key news stories impacting Crane this week:
- Neutral Sentiment: A report reviewing analyst questions from Crane’s (CR) second-quarter earnings call was published, but the available headline provides no new guidance, material estimate changes or other developments likely to significantly move the stock. Crane’s previously reported results were strong, with quarterly revenue and adjusted earnings exceeding consensus estimates. 5 revealing analyst questions from Crane’s Q2 earnings call
- Neutral Sentiment: Crane NXT (NYSE: CXT) reported second-quarter sales of $493.2 million, up 22% year over year, and raised its full-year adjusted EPS outlook to $4.22-$4.42. However, CXT is a separate publicly traded company from Crane Co. (CR), so these results should not be treated as a direct earnings catalyst for CR. Crane NXT Q2 Sales Rise 22 Percent to $493 Million
- Neutral Sentiment: Reports about a collapsed construction crane being removed from the Cooper River are unrelated to Crane Co. (CR) and do not appear to affect its operations or financial outlook. Collapsed crane cleared from Cooper River
Crane 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.
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