Crane $CR is Bain Capital Public Equity Management II LLC’s 2nd Largest Position

Bain Capital Public Equity Management II LLC trimmed its position in shares of Crane (NYSE:CR) by 84.1% in the 4th quarter, Holdings Channel reports. The firm owned 117,124 shares of the conglomerate’s stock after selling 621,250 shares during the period. Crane accounts for approximately 34.8% of Bain Capital Public Equity Management II LLC’s portfolio, making the stock its 2nd largest position. Bain Capital Public Equity Management II LLC’s holdings in Crane were worth $21,601,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Crane by 289,020.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after purchasing an additional 7,852,692 shares in the last quarter. Capital World Investors boosted its stake in Crane by 1.7% during the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after buying an additional 48,679 shares during the last quarter. Norges Bank acquired a new position in Crane during the fourth quarter worth $198,509,000. Geode Capital Management LLC boosted its stake in Crane by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after buying an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Crane by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 842,283 shares of the conglomerate’s stock worth $155,354,000 after buying an additional 23,279 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CR has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Crane in a report on Monday, June 1st. Wall Street Zen downgraded Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $215.00 in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $226.33.

Crane Trading Up 0.2%

CR opened at $207.02 on Tuesday. Crane has a one year low of $159.58 and a one year high of $214.31. The company has a market cap of $11.95 billion, a P/E ratio of 27.42, a PEG ratio of 1.93 and a beta of 1.12. 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 business’s 50-day simple moving average is $183.83 and its 200-day simple moving average is $187.96.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $672.74 million. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, equities research analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a $0.255 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s dividend payout ratio is presently 18.35%.

Insider Activity at Crane

In other news, Director Susan D. Lynch purchased 150 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the purchase, the director directly owned 370 shares of the company’s stock, valued at $65,630.60. This represents a 68.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.

Crane Company 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.