JPMorgan Chase & Co. Has $33.84 Million Position in Crane $CR

JPMorgan Chase & Co. boosted its holdings in shares of Crane (NYSE:CR) by 44.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 183,787 shares of the conglomerate’s stock after purchasing an additional 56,324 shares during the period. JPMorgan Chase & Co.’s holdings in Crane were worth $33,843,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in Crane by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 16,871 shares of the conglomerate’s stock worth $3,107,000 after purchasing an additional 864 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Crane by 1,184.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 411 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 379 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Crane by 57.9% during the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Crane in the 3rd quarter worth approximately $768,000. Finally, Cibc World Market Inc. boosted its position in Crane by 2.2% during the third quarter. Cibc World Market Inc. now owns 3,684 shares of the conglomerate’s stock worth $678,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Down 1.8%

Shares of CR opened at $200.44 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a 50-day simple moving average of $196.61 and a 200-day simple moving average of $189.45. Crane has a 52 week low of $127.04 and a 52 week high of $214.31. The firm has a market capitalization of $11.54 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.93 and a beta of 1.24.

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

Crane Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wolfe Research set a $215.00 target price on shares of Crane and gave the stock an “outperform” rating in a report on Thursday, December 4th. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Crane in a report on Thursday, January 29th. CJS Securities upgraded Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Crane presently has a consensus rating of “Buy” and an average target price of $224.00.

Insider Transactions at Crane

In other news, Director Susan D. Lynch bought 150 shares of Crane stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average cost of $182.22 per share, with a total value of $27,333.00. Following the completion of the transaction, the director directly owned 220 shares in the company, valued at $40,088.40. This trade represents a 214.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sanjay Kapoor purchased 2,814 shares of the stock in a transaction on Thursday, January 29th. The stock was acquired at an average cost of $177.68 per share, for a total transaction of $499,991.52. Following the acquisition, the director directly owned 2,814 shares in the company, valued at approximately $499,991.52. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 5,464 shares of company stock valued at $987,470 over the last 90 days. Corporate insiders own 2.12% of the company’s stock.

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.