Crane $CR Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of Crane (NYSE:CR) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 193,648 shares of the conglomerate’s stock after selling 13,837 shares during the period. Bessemer Group Inc.’s holdings in Crane were worth $35,659,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CR. Royal Bank of Canada lifted its stake in Crane by 27.4% during 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Crane by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after buying an additional 84,278 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Crane by 3.2% during 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 in the last quarter. Focus Partners Wealth boosted its holdings in Crane by 17.0% during the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in Crane in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, Director Sanjay Kapoor acquired 2,814 shares of Crane stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $177.68 per share, for a total transaction of $499,991.52. Following the completion of the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer Pollino acquired 1,500 shares of the stock in a transaction on Thursday, January 29th. The stock was acquired at an average cost of $184.29 per share, for a total transaction of $276,435.00. Following the acquisition, the director directly owned 1,500 shares in the company, valued at $276,435. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 5,464 shares of company stock worth $987,470 in the last 90 days. Corporate insiders own 2.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wolfe Research set a $215.00 price target on shares of Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Stifel Nicolaus increased their target price on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Crane in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 price objective on shares of Crane in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Crane presently has an average rating of “Buy” and a consensus price target of $224.00.

Crane Stock Down 1.1%

Shares of NYSE CR opened at $187.78 on Friday. The stock has a market cap of $10.82 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Crane has a 52-week low of $127.04 and a 52-week high of $214.31. The business has a 50-day moving average price of $192.02 and a 200 day moving average price of $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 (NYSE:CR) last posted its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 earnings per share. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Equities research analysts forecast 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. Shareholders of record on Friday, February 27th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.02 annualized dividend and a yield of 0.5%. This is an increase from Crane’s previous quarterly dividend of $0.23. Crane’s dividend payout ratio is presently 16.32%.

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.