Fort Washington Investment Advisors Inc. OH Buys 30,780 Shares of Crane $CR

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Crane (NYSE:CR) by 28.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,584 shares of the conglomerate’s stock after purchasing an additional 30,780 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Crane were worth $23,698,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. InTrack Investment Management Inc increased its holdings in shares of Crane by 3.2% in the fourth quarter. InTrack Investment Management Inc now owns 1,607 shares of the conglomerate’s stock valued at $296,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC lifted its holdings in Crane by 5.2% during the 4th quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock worth $215,000 after buying an additional 58 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Crane by 0.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock worth $3,098,000 after buying an additional 65 shares in the last quarter. Cresset Asset Management LLC boosted its position in Crane by 2.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,245 shares of the conglomerate’s stock valued at $616,000 after buying an additional 76 shares during the last quarter. Finally, Aviva PLC boosted its position in Crane by 3.0% in the 4th quarter. Aviva PLC now owns 2,671 shares of the conglomerate’s stock valued at $493,000 after buying an additional 78 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Crane in a research report on Monday, June 1st. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and raised their price target for the company from $200.00 to $215.00 in a report on Wednesday, April 29th. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. 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 presently has an average rating of “Buy” and a consensus target price of $226.33.

Insider Buying and Selling

In related news, Director Susan D. Lynch acquired 150 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the acquisition, the director owned 370 shares of the company’s stock, valued at $65,630.60. This trade represents a 68.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.12% of the company’s stock.

Crane Trading Up 0.2%

Shares of NYSE CR opened at $219.41 on Monday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.46. The firm has a market capitalization of $12.67 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company’s 50 day simple moving average is $189.44 and its 200 day simple moving average is $189.90.

Crane (NYSE:CR) last released its earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates 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 previous year, the business earned $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

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

Crane Company 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.