Elevation Point Wealth Partners LLC Takes $408,000 Position in Crane $CR

Elevation Point Wealth Partners LLC purchased a new position in shares of Crane (NYSE:CR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,387 shares of the conglomerate’s stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TD Capital Management LLC bought a new stake in shares of Crane during the 4th quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in Crane during the 2nd quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new position in Crane in the 4th quarter worth about $33,000. Kelleher Financial Advisors bought 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 in the first quarter valued at about $34,000. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CR shares. Wall Street Zen cut Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and raised their price objective for the company from $200.00 to $215.00 in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Crane in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $226.33.

Crane Trading Down 1.9%

Shares of CR stock opened at $214.10 on Thursday. Crane has a 1-year low of $159.58 and a 1-year high of $226.46. 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 stock has a market cap of $12.36 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.93 and a beta of 1.01. The stock has a 50-day moving average of $194.89 and a 200-day moving average of $191.62.

Crane (NYSE:CR) last posted 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 company had revenue of $696.40 million for the quarter, compared to analyst estimates of $672.74 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, equities research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane’s dividend payout ratio is currently 18.35%.

Insider Buying and Selling at Crane

In other news, Director Susan D. Lynch purchased 150 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director owned 370 shares of the company’s stock, valued at $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 is available at the SEC website. 2.12% of the stock is currently owned by company 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.