Crane $CR Position Reduced by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in Crane (NYSE:CR) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 760,565 shares of the conglomerate’s stock after selling 15,549 shares during the period. Crane makes up 0.9% of Gabelli Funds LLC’s holdings, making the stock its 14th biggest holding. Gabelli Funds LLC’s holdings in Crane were worth $140,050,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP lifted its position in shares of Crane by 15.4% during the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after purchasing an additional 52 shares during the last quarter. Profund Advisors LLC grew its stake in Crane by 5.4% in the third quarter. Profund Advisors LLC now owns 1,119 shares of the conglomerate’s stock worth $206,000 after purchasing an additional 57 shares in the last quarter. MAI Capital Management increased its holdings in Crane by 3.1% in the second quarter. MAI Capital Management now owns 1,933 shares of the conglomerate’s stock valued at $367,000 after buying an additional 58 shares during the last quarter. AE Wealth Management LLC raised its stake in Crane by 2.0% during the second quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock valued at $618,000 after buying an additional 63 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Crane by 10.5% during the third quarter. UMB Bank n.a. now owns 665 shares of the conglomerate’s stock valued at $122,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research set a $215.00 target price on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Crane in a research report on Thursday, January 29th. CJS Securities upgraded Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 price objective on shares of Crane in a report on Thursday, January 29th. Finally, Weiss Ratings reissued 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 assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $224.00.

Crane Stock Down 3.9%

Shares of Crane stock opened at $190.94 on Friday. The business’s fifty day moving average price is $197.76 and its two-hundred day moving average price is $189.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market capitalization of $11.01 billion, a P/E ratio of 25.29, a PEG ratio of 1.93 and a beta of 1.18. Crane has a 1-year low of $127.04 and a 1-year high of $214.31.

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

Crane Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 27th will be given a $0.255 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. This is a boost from Crane’s previous quarterly dividend of $0.23. Crane’s payout ratio is currently 16.32%.

Insider Activity

In other Crane news, SVP Jason D. Feldman sold 2,693 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.95, for a total transaction of $543,851.35. Following the transaction, the senior vice president owned 10,639 shares of the company’s stock, valued at approximately $2,148,546.05. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Max H. Mitchell purchased 1,000 shares of the company’s stock in a transaction on Friday, January 30th. The shares were bought at an average price of $183.71 per share, for a total transaction of $183,710.00. Following the completion of the transaction, the chief executive officer directly owned 410,667 shares in the company, valued at $75,443,634.57. This represents a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,464 shares of company stock worth $987,470 in the last 90 days. 2.12% of the stock is currently owned by corporate insiders.

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.