Cartenna Capital LP Decreases Stake in Crane $CR

Cartenna Capital LP decreased its holdings in Crane (NYSE:CR) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,000 shares of the conglomerate’s stock after selling 20,000 shares during the period. Crane accounts for about 2.4% of Cartenna Capital LP’s portfolio, making the stock its 7th biggest holding. Cartenna Capital LP’s holdings in Crane were worth $85,625,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CR. Allworth Financial LP raised its stake in Crane by 15.4% during the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock valued at $74,000 after purchasing an additional 52 shares during the period. Profund Advisors LLC grew its holdings in Crane by 5.4% during the 3rd quarter. Profund Advisors LLC now owns 1,119 shares of the conglomerate’s stock valued at $206,000 after buying an additional 57 shares in the last quarter. MAI Capital Management raised its position in shares of Crane by 3.1% during the second quarter. MAI Capital Management now owns 1,933 shares of the conglomerate’s stock valued at $367,000 after buying an additional 58 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Crane by 2.0% in the second quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock worth $618,000 after buying an additional 63 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Crane by 10.5% in the third quarter. UMB Bank n.a. now owns 665 shares of the conglomerate’s stock worth $122,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan D. Lynch bought 150 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was purchased at an average price of $182.22 per share, for a total transaction of $27,333.00. Following the acquisition, the director owned 220 shares in the company, valued at $40,088.40. This trade represents a 214.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason D. Feldman sold 2,693 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.95, for a total value of $543,851.35. Following the transaction, the senior vice president directly owned 10,639 shares in the company, valued at approximately $2,148,546.05. This represents a 20.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders purchased 5,464 shares of company stock worth $987,470. 2.12% of the stock is currently owned by company insiders.

Crane Price Performance

CR stock opened at $171.42 on Friday. Crane has a 52 week low of $127.04 and a 52 week high of $214.31. The firm has a market capitalization of $9.89 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.18. The company has a fifty day simple moving average of $197.58 and a two-hundred day simple moving average of $189.37. 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 (NYSE:CR) last posted its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $572.16 million. During the same period in the previous year, the firm posted $1.38 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.6%. This is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 27th. Crane’s dividend payout ratio (DPR) is currently 16.32%.

Analyst Ratings Changes

CR has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price target on shares of Crane in a research note on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. CJS Securities raised Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 target price on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Crane has an average rating of “Buy” and a consensus target price of $224.00.

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.