Crane $CR Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in Crane (NYSE:CR) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 760,565 shares of the conglomerate’s stock after selling 15,549 shares during the period. Crane accounts for approximately 0.9% of Gabelli Funds LLC’s holdings, making the stock its 14th largest holding. Gabelli Funds LLC owned approximately 1.32% of Crane worth $140,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Crane during the 2nd quarter valued at about $190,533,000. Prudential Financial Inc. boosted its position in shares of Crane by 5,159.8% in the second quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock worth $44,216,000 after acquiring an additional 228,424 shares during the last quarter. AQR Capital Management LLC grew its holdings in Crane by 299.7% in the second quarter. AQR Capital Management LLC now owns 234,131 shares of the conglomerate’s stock valued at $43,876,000 after purchasing an additional 175,554 shares during the period. Barclays PLC increased its position in Crane by 293.8% during the third quarter. Barclays PLC now owns 159,901 shares of the conglomerate’s stock worth $29,444,000 after purchasing an additional 119,294 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Crane by 117.5% during the second quarter. Franklin Resources Inc. now owns 216,314 shares of the conglomerate’s stock worth $41,076,000 after purchasing an additional 116,881 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Price Performance

Shares of CR stock opened at $190.94 on Friday. The firm has a fifty day simple moving average of $197.76 and a 200-day simple moving average of $189.66. The company has a market capitalization of $11.01 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. 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 (NYSE:CR) last released its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $572.16 million. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Equities research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 27th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. This is a positive change from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. Crane’s payout ratio is presently 16.32%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CR shares. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Wolfe Research set a $215.00 target price on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Crane in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 price target on shares of Crane in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $224.00.

Insiders Place Their Bets

In other Crane news, SVP Jason D. Feldman sold 2,693 shares of Crane stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $201.95, for a total transaction of $543,851.35. Following the sale, the senior vice president directly owned 10,639 shares in the company, valued at $2,148,546.05. The trade was a 20.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Max H. Mitchell bought 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was acquired at an average cost of $183.71 per share, for a total transaction of $183,710.00. Following the completion of the transaction, the chief executive officer owned 410,667 shares in the company, valued at $75,443,634.57. This represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 5,464 shares of company stock valued at $987,470. Insiders own 2.12% of the company’s stock.

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.