Geode Capital Management LLC Has $169.28 Million Holdings in Crane $CR

Geode Capital Management LLC lifted its stake in shares of Crane (NYSE:CR) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 917,679 shares of the conglomerate’s stock after purchasing an additional 35,441 shares during the quarter. Geode Capital Management LLC’s holdings in Crane were worth $169,282,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. InTrack Investment Management Inc increased its holdings in shares of Crane by 3.2% during the fourth quarter. InTrack Investment Management Inc now owns 1,607 shares of the conglomerate’s stock worth $296,000 after buying an additional 50 shares in the last quarter. Profund Advisors LLC grew its stake in shares of Crane by 5.4% in the third quarter. Profund Advisors LLC now owns 1,119 shares of the conglomerate’s stock worth $206,000 after purchasing an additional 57 shares during the last quarter. Signaturefd LLC grew its stake in shares of Crane by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock worth $215,000 after purchasing an additional 58 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Crane by 10.5% in the third quarter. UMB Bank n.a. now owns 665 shares of the conglomerate’s stock worth $122,000 after purchasing an additional 63 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Crane by 0.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock worth $3,098,000 after purchasing an additional 65 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Performance

Shares of Crane stock opened at $186.21 on Thursday. 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 stock has a market cap of $10.75 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 1.93 and a beta of 1.15. The company’s fifty day moving average is $179.15 and its 200 day moving average is $186.91. Crane has a twelve month low of $159.58 and a twelve month high of $214.31.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $672.74 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Sell-side analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio is 18.35%.

Analyst Ratings Changes

CR has been the topic of several analyst reports. Weiss Ratings cut shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Crane in a research note on Monday. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus raised shares of Crane from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $215.00 in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $226.33.

Insider Buying and Selling

In other news, Director Susan D. Lynch purchased 150 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director owned 370 shares of the company’s stock, valued at $65,630.60. The trade was a 68.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.