Fifth Third Bancorp Has $3.15 Million Position in Crane $CR

Fifth Third Bancorp raised its holdings in Crane (NYSE:CR) by 3,182.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,450 shares of the conglomerate’s stock after acquiring an additional 17,888 shares during the quarter. Fifth Third Bancorp’s holdings in Crane were worth $3,155,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CR. TD Capital Management LLC acquired a new position in shares of Crane in the 4th quarter valued at $27,000. Headlands Technologies LLC bought a new stake in Crane in the second quarter valued at about $29,000. Flagship Harbor Advisors LLC bought a new stake in Crane in the fourth quarter valued at about $33,000. Kelleher Financial Advisors acquired a new position in Crane in the third quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. bought a new position in Crane during the first quarter worth about $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Up 0.0%

Shares of CR stock opened at $217.56 on Monday. Crane has a 12-month low of $159.58 and a 12-month high of $226.46. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $200.35 and a 200-day moving average of $193.09. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 1.93 and a beta of 1.01.

Crane (NYSE:CR) last announced its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, equities research analysts predict 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. Investors of record on Friday, May 29th were 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 of this dividend was Friday, May 29th. Crane’s dividend payout ratio (DPR) is currently 18.35%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and upped their price target for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Crane in a report on Monday, June 1st. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $226.33.

Insider Transactions at Crane

In other news, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction 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 owned 370 shares of the company’s stock, valued at approximately $65,630.60. The trade was a 68.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.