4,609 Shares in Crane $CR Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new position in Crane (NYSE:CR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,609 shares of the conglomerate’s stock, valued at approximately $813,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of Crane by 3,182.9% in the 1st quarter. Fifth Third Bancorp now owns 18,450 shares of the conglomerate’s stock valued at $3,155,000 after purchasing an additional 17,888 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Crane by 80.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,785 shares of the conglomerate’s stock worth $2,015,000 after purchasing an additional 5,269 shares during the period. Oregon Public Employees Retirement Fund increased its position in Crane by 2.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,024 shares of the conglomerate’s stock worth $1,714,000 after purchasing an additional 194 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Crane by 7.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,687 shares of the conglomerate’s stock worth $291,000 after purchasing an additional 113 shares in the last quarter. Finally, NBT Bank N A NY purchased a new position in Crane in the first quarter valued at approximately $198,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, Director Susan D. Lynch acquired 150 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $177.38 per share, with a total value of $26,607.00. Following the transaction, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised shares of Crane from a “hold” rating to a “buy” rating and lifted their price target for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Crane in a research note on Monday, June 1st. Finally, Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $226.33.

Crane Stock Up 0.3%

Shares of NYSE:CR opened at $219.43 on Friday. 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 52-week low of $159.58 and a 52-week high of $226.46. The company has a 50 day moving average of $199.61 and a two-hundred day moving average of $192.88. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Crane (NYSE:CR) last posted 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 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 revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

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

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.