Envestnet Asset Management Inc. Trims Stock Position in Crane $CR

Envestnet Asset Management Inc. lowered its stake in shares of Crane (NYSE:CR) by 9.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,805 shares of the conglomerate’s stock after selling 7,192 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of Crane worth $13,222,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Corp acquired a new position in shares of Crane in the 3rd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in shares of Crane in the 2nd quarter worth $29,000. Parkside Financial Bank & Trust boosted its holdings in Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 85 shares during the last quarter. State of Wyoming grew its position in Crane by 217.0% during the third quarter. State of Wyoming now owns 279 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 191 shares during the period. Finally, Mather Group LLC. purchased a new stake in Crane during the third quarter valued at about $60,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CR has been the subject of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Crane in a research report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Stifel Nicolaus boosted their price target on Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 price objective on shares of Crane in a research report on Thursday, January 29th. Finally, CJS Securities raised shares of Crane to a “strong-buy” rating in a research report on Thursday, December 11th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $224.00.

Insider Buying and Selling at Crane

In related news, CEO Max H. Mitchell bought 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of $183.71 per share, with a total value of $183,710.00. Following the completion of the acquisition, the chief executive officer owned 410,667 shares of the company’s stock, valued at $75,443,634.57. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan D. Lynch purchased 150 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average cost of $182.22 per share, for a total transaction of $27,333.00. Following the acquisition, the director owned 220 shares in the company, 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 bought 5,464 shares of company stock worth $987,470 in the last ninety days. Insiders own 2.12% of the company’s stock.

Crane Stock Up 0.2%

NYSE:CR opened at $200.34 on Tuesday. 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 company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Crane has a one year low of $127.04 and a one year high of $214.31. The stock has a 50-day simple moving average of $194.07 and a 200 day simple moving average of $188.87.

Crane (NYSE:CR) last released 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. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $572.16 million. During the same quarter last year, the business posted $1.38 EPS. Crane’s quarterly revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Sell-side analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 27th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Crane’s previous quarterly dividend of $0.23. Crane’s 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.