EFG Asset Management North America Corp. Makes New $1.65 Million Investment in Crane $CR

EFG Asset Management North America Corp. purchased a new stake in shares of Crane (NYSE:CRFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,967 shares of the conglomerate’s stock, valued at approximately $1,651,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Crane in the 2nd quarter valued at approximately $190,533,000. Geode Capital Management LLC lifted its holdings in Crane by 0.6% in the second quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock valued at $164,135,000 after acquiring an additional 4,744 shares during the last quarter. Select Equity Group L.P. lifted its holdings in Crane by 1.1% in the second quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock valued at $139,938,000 after acquiring an additional 8,151 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Crane by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after acquiring an additional 84,278 shares during the period. Finally, American Century Companies Inc. increased its stake in Crane by 4.6% during the second quarter. American Century Companies Inc. now owns 326,133 shares of the conglomerate’s stock worth $61,929,000 after acquiring an additional 14,324 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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Here are the key news stories impacting Crane this week:

Crane Trading Down 11.3%

NYSE CR opened at $186.04 on Wednesday. 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 has a market cap of $10.72 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.93 and a beta of 1.24. The firm has a 50 day simple moving average of $191.27 and a 200-day simple moving average of $188.66. Crane has a one year low of $127.04 and a one year high of $214.31.

Crane (NYSE:CRGet Free Report) last released its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.255 per share. This is a positive change from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. This represents a $1.02 annualized dividend and a yield of 0.5%. Crane’s dividend payout ratio (DPR) is currently 14.72%.

Analysts Set New Price Targets

CR has been the subject of a number of research analyst reports. DA Davidson set a $235.00 price target on Crane in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Stifel Nicolaus boosted their price target on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 target price on shares of Crane and gave the company an “outperform” rating in a report on Thursday, December 4th. Two research 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’s stock. According to MarketBeat, Crane presently has an average rating of “Buy” and an average target price of $222.00.

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About Crane

(Free Report)

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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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