MBL Wealth LLC Purchases New Holdings in Crane $CR

MBL Wealth LLC bought a new position in shares of Crane (NYSE:CR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,813 shares of the conglomerate’s stock, valued at approximately $982,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maven Securities LTD bought a new stake in Crane during the 2nd quarter valued at $3,229,000. Public Employees Retirement System of Ohio bought a new stake in Crane in the 2nd quarter worth about $3,496,000. Hsbc Holdings PLC grew its position in Crane by 92.7% in the 4th quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate’s stock worth $21,198,000 after purchasing an additional 54,619 shares in the last quarter. Madison Asset Management LLC purchased a new stake in Crane in the 2nd quarter valued at about $4,063,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Crane by 210.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the conglomerate’s stock worth $9,336,000 after buying an additional 37,001 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their target price on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a report on Tuesday, September 1st. Weiss Ratings raised Crane from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. DA Davidson restated a “buy” rating and issued a $245.00 price objective on shares of Crane in a research note on Tuesday, September 15th. Finally, BMO Capital Markets initiated coverage on Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $239.00.

Insider Transactions at Crane

In other Crane news, Director James Tullis sold 400 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $205.38, for a total transaction of $82,152.00. Following the sale, the director directly owned 5,021 shares of the company’s stock, valued at $1,031,212.98. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.12% of the company’s stock.

Crane Price Performance

Crane stock opened at $182.65 on Friday. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $203.82 and its 200 day simple moving average is $201.54. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.25 and a beta of 1.02.

Crane (NYSE:CR) last announced its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%. Crane’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Sell-side analysts forecast that Crane will post 6.99 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, August 31st. Crane’s payout ratio is currently 17.83%.

Crane Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.

Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.