Crane $CR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Crane (NYSE:CR) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,853 shares of the conglomerate’s stock after selling 36,127 shares during the quarter. Bank of New York Mellon Corp’s holdings in Crane were worth $65,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL raised its holdings in Crane by 314.8% during the third quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate’s stock worth $13,774,000 after purchasing an additional 56,768 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Crane by 44.2% during the third quarter. JPMorgan Chase & Co. now owns 183,787 shares of the conglomerate’s stock worth $33,843,000 after purchasing an additional 56,324 shares in the last quarter. Citigroup Inc. raised its holdings in Crane by 23.0% during the third quarter. Citigroup Inc. now owns 33,480 shares of the conglomerate’s stock worth $6,165,000 after purchasing an additional 6,258 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Crane during the third quarter worth approximately $3,709,000. Finally, Waratah Capital Advisors Ltd. acquired a new stake in Crane during the third quarter worth approximately $3,640,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Crane in a research report on Monday, June 1st. Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and raised their target price for the stock from $200.00 to $215.00 in a research report on Wednesday, April 29th. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $226.33.

Insiders Place Their Bets

In other news, Director Susan D. Lynch acquired 150 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the transaction, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.12% of the stock is currently owned by company insiders.

Crane Stock Performance

Shares of CR opened at $200.87 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.60 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The company’s 50 day simple moving average is $181.01 and its 200-day simple moving average is $187.26. Crane has a 12-month low of $159.58 and a 12-month high of $214.31.

Crane (NYSE:CR) last announced its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $696.40 million for the quarter, compared to analyst estimates of $672.74 million. During the same period last year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, equities analysts predict that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 29th. Crane’s dividend payout ratio (DPR) is 18.35%.

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.