Crane $CR Stock: Krilogy Financial LLC Grows Holdings

Krilogy Financial LLC lifted its stake in shares of Crane (NYSE:CR) by 121.6% during the third quarter, Holdings Channel reports. The fund owned 4,456 shares of the conglomerate’s stock after buying an additional 2,445 shares during the quarter. Krilogy Financial LLC’s holdings in Crane were worth $911,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC lifted its position in Crane by 136.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,014 shares of the conglomerate’s stock valued at $609,000 after acquiring an additional 1,740 shares in the last quarter. Riversedge Advisors LLC raised its holdings in shares of Crane by 73.8% in the third quarter. Riversedge Advisors LLC now owns 1,665 shares of the conglomerate’s stock valued at $340,000 after purchasing an additional 707 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Crane by 17.7% during the third quarter. Wedmont Private Capital now owns 1,707 shares of the conglomerate’s stock valued at $345,000 after purchasing an additional 257 shares in the last quarter. LifeGoal Investments LLC bought a new position in shares of Crane during the third quarter valued at about $217,000. Finally, Venture Visionary Partners LLC boosted its holdings in Crane by 11.2% during the third quarter. Venture Visionary Partners LLC now owns 70,314 shares of the conglomerate’s stock worth $14,346,000 after purchasing an additional 7,098 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Performance

Shares of NYSE:CR traded up $0.13 during midday trading on Friday, reaching $205.86. The company had a trading volume of 320,173 shares, compared to its average volume of 360,524. The stock has a market cap of $11.90 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.45 and a beta of 1.02. The company’s 50 day moving average price is $206.18 and its 200 day moving average price is $200.55. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. Crane has a 52-week low of $159.58 and a 52-week high of $230.50.

Crane (NYSE:CR) last posted 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 business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, sell-side analysts anticipate that Crane will post 6.99 EPS for the current fiscal year.

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were given a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 31st. Crane’s dividend payout ratio is currently 17.83%.

Insider Buying and Selling at Crane

In other news, Director James Tullis sold 614 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the sale, the director owned 5,421 shares in the company, valued at $1,219,725. This trade represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CR. DA Davidson reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Crane in a research report on Tuesday, September 15th. BMO Capital Markets initiated coverage on shares of Crane in a research note on Monday, July 20th. They issued an “outperform” rating and a $253.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $240.00 target price on shares of Crane in a research report on Tuesday, September 1st. Stifel Nicolaus boosted their target price on Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised Crane from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $239.00.

Crane Company Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products and solutions for aerospace, industrial, process flow and other specialized markets. The company serves customers that require products designed for demanding operating environments, including applications involving the movement and control of fluids.

Crane’s businesses include aerospace and electronics products, process flow equipment and engineered materials.