Rhumbline Advisers Increases Stake in Crane $CR

Rhumbline Advisers raised its position in Crane (NYSE:CR) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,668 shares of the conglomerate’s stock after acquiring an additional 6,879 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Crane worth $25,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EFG Asset Management North America Corp. purchased a new stake in shares of Crane in the 3rd quarter valued at about $1,651,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Crane by 276.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,402 shares of the conglomerate’s stock valued at $1,026,000 after acquiring an additional 3,967 shares during the period. Principal Financial Group Inc. grew its position in shares of Crane by 8.2% during the third quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock worth $90,196,000 after acquiring an additional 37,026 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Crane by 86.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 136,413 shares of the conglomerate’s stock valued at $25,119,000 after purchasing an additional 63,401 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Crane by 5,159.8% during the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock worth $44,216,000 after purchasing an additional 228,424 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Trading Up 0.2%

Shares of CR stock opened at $200.34 on Tuesday. The business’s fifty day moving average price is $194.07 and its 200 day moving average price is $188.87. The firm has a market capitalization of $11.54 billion, a PE ratio of 26.53, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 1-year low of $127.04 and a 1-year 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 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 analysts’ expectations of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, sell-side analysts forecast that Crane will post 7.87 EPS 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 issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. This is a positive change from Crane’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 27th. Crane’s dividend payout ratio is currently 16.32%.

Wall Street Analyst Weigh In

CR has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Crane in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Stifel Nicolaus boosted their target price on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a report on Friday, January 23rd. CJS Securities raised 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 research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $224.00.

Insider Transactions at Crane

In other news, Director Susan D. Lynch purchased 150 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average price of $182.22 per share, with a total value of $27,333.00. Following the purchase, the director directly owned 220 shares of the company’s stock, valued at $40,088.40. This represents a 214.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sanjay Kapoor acquired 2,814 shares of the stock in a transaction that occurred 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 completion of the purchase, the director owned 2,814 shares in the company, valued at $499,991.52. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 5,464 shares of company stock worth $987,470. Corporate insiders own 2.12% of the company’s stock.

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.