Crane (NYSE:CR) CEO Buys $183,710.00 in Stock

Crane (NYSE:CR) CEO Max Mitchell acquired 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of $183.71 per share, with a total value of $183,710.00. Following the completion of the acquisition, the chief executive officer owned 410,667 shares of the company’s stock, valued at $75,443,634.57. The trade was a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Crane Trading Down 0.2%

NYSE:CR opened at $189.97 on Thursday. The company has a market cap of $10.94 billion, a PE ratio of 25.16, a P/E/G ratio of 1.93 and a beta of 1.24. The business’s 50 day moving average is $191.93 and its two-hundred day moving average is $188.53. 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 has a 52 week low of $127.04 and a 52 week high of $214.31.

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

Crane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 27th will be given 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 dividend yield of 0.5%. This is a boost from Crane’s previous quarterly dividend of $0.23. Crane’s payout ratio is currently 16.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Crane by 27.4% in the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock worth $3,379,000 after purchasing an additional 4,749 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after buying an additional 84,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Crane by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock worth $20,951,000 after acquiring an additional 4,217 shares during the period. Focus Partners Wealth boosted its holdings in shares of Crane by 17.0% in the first quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Crane during the second quarter valued at approximately $207,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CR. Stifel Nicolaus lifted 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. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of Crane in a research note on Thursday, January 29th. Finally, CJS Securities upgraded shares of Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Two research 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 an average rating of “Buy” and a consensus target price of $224.00.

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.