Hsbc Holdings PLC Grows Stock Holdings in Crane $CR

Hsbc Holdings PLC grew its position in Crane (NYSE:CR) by 92.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,556 shares of the conglomerate’s stock after buying an additional 54,619 shares during the period. Hsbc Holdings PLC’s holdings in Crane were worth $21,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in shares of Crane by 8.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 21,077 shares of the conglomerate’s stock worth $3,887,000 after purchasing an additional 1,670 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Crane by 189.8% in the 4th quarter. Corient Private Wealth LLC now owns 37,722 shares of the conglomerate’s stock worth $6,957,000 after purchasing an additional 24,705 shares in the last quarter. TD Capital Management LLC acquired a new stake in shares of Crane in the 4th quarter worth $27,000. MidFirst Bank purchased a new position in Crane during the 4th quarter worth $352,000. Finally, Pacer Advisors Inc. increased its position in Crane by 12.7% during the 4th quarter. Pacer Advisors Inc. now owns 7,270 shares of the conglomerate’s stock valued at $1,341,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CR shares. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and increased their price target for the company from $200.00 to $215.00 in a research note on Wednesday, April 29th. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Crane in a research report on Monday, June 1st. Two equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $226.33.

Crane Stock Performance

Shares of CR stock opened at $218.59 on Wednesday. Crane has a 52-week low of $159.58 and a 52-week high of $226.46. 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 $12.62 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business has a 50-day simple moving average of $194.26 and a 200-day simple moving average of $191.42.

Crane (NYSE:CR) last posted its earnings results on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping the consensus estimate of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm had revenue of $696.40 million for the quarter, compared to analyst estimates of $672.74 million. During the same period last year, the company earned $1.39 earnings per share. Crane’s revenue for the quarter was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, equities analysts expect that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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 of this dividend 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 presently 18.35%.

Insider Buying and Selling at Crane

In other news, Director Susan D. Lynch bought 150 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the purchase, the director directly owned 370 shares in the company, valued at $65,630.60. The trade was a 68.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.

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.