Aigen Investment Management LP Sells 2,842 Shares of Crane $CR

Aigen Investment Management LP decreased its position in shares of Crane (NYSE:CR) by 35.7% in the 4th quarter, Holdings Channel reports. The firm owned 5,123 shares of the conglomerate’s stock after selling 2,842 shares during the quarter. Aigen Investment Management LP’s holdings in Crane were worth $945,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Crane by 289,020.7% during the 4th 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 during the last quarter. Capital World Investors raised its holdings in Crane by 1.7% during the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after purchasing an additional 48,679 shares during the last quarter. Norges Bank bought a new position in Crane during the 4th quarter worth approximately $198,509,000. Geode Capital Management LLC raised its holdings in Crane by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after purchasing an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Crane by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 842,283 shares of the conglomerate’s stock worth $155,354,000 after purchasing an additional 23,279 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Stock Performance

Shares of CR stock opened at $206.77 on Monday. The firm has a market capitalization of $11.94 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The firm has a fifty day simple moving average of $183.06 and a two-hundred day simple moving average of $187.78. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $159.58 and a 12 month high of $214.31.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. The business 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%. Crane’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were issued a dividend of $0.255 per share. 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 payout ratio is currently 18.35%.

Wall Street Analyst Weigh In

CR has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Crane in a research note on Monday, June 1st. Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. Weiss Ratings lowered 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 research note on Saturday, May 9th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $226.33.

Insider Transactions at Crane

In other news, Director Susan D. Lynch acquired 150 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $177.38 per share, with a total value of $26,607.00. Following the acquisition, the director directly owned 370 shares of the company’s stock, valued at $65,630.60. The trade was a 68.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by corporate insiders.

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.