Y Intercept Hong Kong Ltd Invests $1.80 Million in Crane $CR

Y Intercept Hong Kong Ltd acquired a new stake in Crane (NYSE:CR) during the third quarter, Holdings Channel reports. The institutional investor acquired 9,793 shares of the conglomerate’s stock, valued at approximately $1,803,000.

Several other hedge funds have also bought and sold shares of CR. Sumitomo Mitsui Trust Group Inc. raised its stake in Crane by 276.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,402 shares of the conglomerate’s stock worth $1,026,000 after acquiring an additional 3,967 shares in the last quarter. Truist Financial Corp lifted its position in Crane by 4.9% in the 2nd quarter. Truist Financial Corp now owns 34,182 shares of the conglomerate’s stock valued at $6,491,000 after acquiring an additional 1,583 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Crane by 86.8% during the third quarter. Assenagon Asset Management S.A. now owns 136,413 shares of the conglomerate’s stock worth $25,119,000 after purchasing an additional 63,401 shares during the last quarter. Abacus Planning Group Inc. bought a new position in Crane during the second quarter valued at about $510,000. Finally, Prudential Financial Inc. increased its holdings in Crane by 5,159.8% in 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 during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CR. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Crane in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 price target on shares of Crane in a report on Thursday. CJS Securities raised shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 price objective on shares of Crane and gave the company an “outperform” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Crane has a consensus rating of “Buy” and a consensus target price of $224.00.

Crane Price Performance

Shares of CR opened at $179.24 on Friday. The company has a 50 day moving average of $191.41 and a two-hundred day moving average of $188.55. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, analysts predict 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 paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.6%. This is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 27th. Crane’s payout ratio is presently 14.72%.

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.