JPMorgan Chase & Co. Buys 56,324 Shares of Crane $CR

JPMorgan Chase & Co. grew its stake in Crane (NYSE:CR) by 44.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,787 shares of the conglomerate’s stock after purchasing an additional 56,324 shares during the period. JPMorgan Chase & Co. owned about 0.32% of Crane worth $33,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its stake in Crane by 314.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate’s stock valued at $13,774,000 after purchasing an additional 56,768 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Crane during the third quarter worth $3,709,000. Allworth Financial LP increased its holdings in shares of Crane by 62.8% during the third quarter. Allworth Financial LP now owns 635 shares of the conglomerate’s stock worth $117,000 after buying an additional 245 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in shares of Crane by 81.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 2,284 shares of the conglomerate’s stock valued at $421,000 after acquiring an additional 1,022 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Crane in the 3rd quarter valued at $343,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. CJS Securities upgraded Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of Crane in a research report on Thursday, January 29th. Wall Street Zen upgraded Crane from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Stifel Nicolaus upped their price objective on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Crane in a report on Thursday, January 29th. Two 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’s stock. According to MarketBeat.com, Crane has an average rating of “Buy” and an average price target of $224.00.

Crane Stock Performance

NYSE CR opened at $168.00 on Monday. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.93 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The stock has a fifty day simple moving average of $195.21 and a 200 day simple moving average of $188.91.

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

Crane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were paid a $0.255 dividend. This is an increase from Crane’s previous quarterly dividend of $0.23. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, February 27th. Crane’s payout ratio is presently 16.32%.

Insiders Place Their Bets

In other news, Director Jennifer Pollino bought 1,500 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $184.29 per share, with a total value of $276,435.00. Following the transaction, the director owned 1,500 shares of the company’s stock, valued at $276,435. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sanjay Kapoor purchased 2,814 shares of the stock in a transaction on Thursday, January 29th. The shares were purchased at an average price of $177.68 per share, with a total value of $499,991.52. Following the acquisition, the director owned 2,814 shares in the company, valued at approximately $499,991.52. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 5,464 shares of company stock valued at $987,470 over the last three months. Insiders own 2.12% of the company’s stock.

Crane Profile

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.