Barclays PLC Has $29.44 Million Stock Position in Crane $CR

Barclays PLC increased its holdings in shares of Crane (NYSE:CR) by 293.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 159,901 shares of the conglomerate’s stock after purchasing an additional 119,294 shares during the period. Barclays PLC owned 0.28% of Crane worth $29,444,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Corp bought a new position in Crane during the third quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of Crane during the 2nd quarter worth about $29,000. Assetmark Inc. boosted its holdings in shares of Crane by 57.9% during the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after buying an additional 66 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Crane by 63.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after buying an additional 85 shares during the period. Finally, State of Wyoming grew its stake in Crane by 217.0% in the 3rd quarter. State of Wyoming now owns 279 shares of the conglomerate’s stock valued at $51,000 after buying an additional 191 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Crane in a research note on Thursday, January 29th. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Stifel Nicolaus boosted their price objective on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 target price on shares of Crane in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $224.00.

Insider Activity at Crane

In other news, CEO Max H. Mitchell acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of $183.71 per share, with a total value of $183,710.00. Following the acquisition, the chief executive officer directly owned 410,667 shares in the company, valued at $75,443,634.57. The trade was a 0.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan D. Lynch purchased 150 shares of Crane stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $182.22 per share, for a total transaction of $27,333.00. Following the completion of the acquisition, the director owned 220 shares of the company’s stock, valued at approximately $40,088.40. The trade was a 214.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 5,464 shares of company stock worth $987,470 over the last 90 days. 2.12% of the stock is currently owned by company insiders.

Crane Price Performance

Shares of CR stock opened at $190.13 on Wednesday. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. 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 business has a fifty day simple moving average of $197.92 and a 200 day simple moving average of $189.64. The company has a market cap of $10.97 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.93 and a beta of 1.18.

Crane (NYSE:CR) last posted its earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $572.16 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 earnings per share. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, sell-side analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 27th will be 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 is Friday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.23. Crane’s dividend payout ratio is currently 16.32%.

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.