Crane $CR Stock Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in Crane (NYSE:CR) by 39.6% during the first quarter, HoldingsChannel.com reports. The firm owned 10,166 shares of the conglomerate’s stock after selling 6,679 shares during the period. PNC Financial Services Group Inc.’s holdings in Crane were worth $1,738,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Crane by 289,020.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after buying an additional 7,852,692 shares during the last quarter. Capital World Investors lifted its holdings in Crane by 1.7% during the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after buying an additional 48,679 shares during the last quarter. Norges Bank bought a new position in Crane during the 4th quarter worth approximately $198,509,000. Geode Capital Management LLC grew its position in shares of Crane by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Crane by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock valued at $144,622,000 after acquiring an additional 3,678 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Trading Up 4.1%

NYSE:CR opened at $215.10 on Friday. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The firm has a market capitalization of $12.42 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.93 and a beta of 1.01. 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 business has a 50 day simple moving average of $208.21 and a 200 day simple moving average of $194.81.

Crane (NYSE:CR) last issued its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.11. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $708.46 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities research analysts predict that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane’s dividend payout ratio (DPR) is 17.83%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CR. Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson boosted their target price on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets assumed coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price on the stock. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus lifted their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Crane currently has a consensus rating of “Buy” and a consensus price target of $236.33.

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.