Dynamic Technology Lab Private Ltd Makes New Investment in Crane $CR

Dynamic Technology Lab Private Ltd acquired a new stake in Crane (NYSE:CR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 3,330 shares of the conglomerate’s stock, valued at approximately $613,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Crane during the second quarter worth about $190,533,000. Prudential Financial Inc. boosted its holdings in Crane by 5,159.8% in the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock valued at $44,216,000 after purchasing an additional 228,424 shares during the period. AQR Capital Management LLC grew its position in shares of Crane by 299.7% during the 2nd quarter. AQR Capital Management LLC now owns 234,131 shares of the conglomerate’s stock worth $43,876,000 after purchasing an additional 175,554 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 period. Finally, Franklin Resources Inc. increased its holdings in shares of 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 period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Down 1.7%

Shares of CR opened at $190.13 on Wednesday. The stock’s 50-day moving average price is $197.92 and its two-hundred day moving average price is $189.64. 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 company has a market capitalization of $10.97 billion, a PE ratio of 25.18, a PEG ratio of 1.93 and a beta of 1.18. Crane has a 12 month low of $127.04 and a 12 month high of $214.31.

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

Crane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders 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 annualized dividend 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 16.32%.

Insider Buying and Selling at Crane

In other news, Director Sanjay Kapoor bought 2,814 shares of the stock in a transaction on Thursday, January 29th. The shares were acquired at an average cost of $177.68 per share, for a total transaction of $499,991.52. Following the purchase, the director directly owned 2,814 shares of the company’s stock, valued at $499,991.52. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason D. Feldman sold 2,693 shares of Crane stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.95, for a total value of $543,851.35. Following the sale, the senior vice president owned 10,639 shares of the company’s stock, valued at approximately $2,148,546.05. This trade represents a 20.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought a total of 5,464 shares of company stock valued at $987,470 in the last three months. 2.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CR shares. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Crane in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $238.00 price objective on shares of Crane in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. CJS Securities raised Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 price target on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. 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 company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $224.00.

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.