Bessemer Group Inc. Buys 8,299 Shares of Crane $CR

Bessemer Group Inc. boosted its stake in Crane (NYSE:CR) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,863 shares of the conglomerate’s stock after purchasing an additional 8,299 shares during the quarter. Bessemer Group Inc.’s holdings in Crane were worth $34,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. InTrack Investment Management Inc raised its holdings in shares of Crane by 3.2% during the fourth quarter. InTrack Investment Management Inc now owns 1,607 shares of the conglomerate’s stock valued at $296,000 after purchasing an additional 50 shares during the period. Signaturefd LLC grew its stake in shares of Crane by 5.2% in the 4th quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock valued at $215,000 after buying an additional 58 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Crane by 0.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock valued at $3,098,000 after buying an additional 65 shares in the last quarter. Cresset Asset Management LLC increased its position in Crane by 2.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,245 shares of the conglomerate’s stock valued at $616,000 after buying an additional 76 shares in the last quarter. Finally, Aviva PLC raised its stake in Crane by 3.0% during the 4th quarter. Aviva PLC now owns 2,671 shares of the conglomerate’s stock worth $493,000 after buying an additional 78 shares during the period. 75.14% of the stock is owned by institutional investors.

Crane Price Performance

Shares of NYSE CR opened at $217.56 on Friday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.46. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.93 and a beta of 1.01. 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 firm’s 50-day simple moving average is $200.35 and its 200 day simple moving average is $193.05.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping 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 firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. During the same period in the previous year, the company posted $1.39 EPS. The company’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, research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.5%. Crane’s dividend payout ratio is currently 18.35%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CR. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Crane in a report on Monday, June 1st. Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and increased their target price for the stock from $200.00 to $215.00 in a report on Wednesday, April 29th. Two investment 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 company’s stock. According to data from MarketBeat.com, Crane currently has an average rating of “Buy” and a consensus target price of $226.33.

Insider Buying and Selling

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

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.