New York Life Investment Management LLC Invests $914,000 in Crane $CR

New York Life Investment Management LLC purchased a new position in Crane (NYSE:CR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,964 shares of the conglomerate’s stock, valued at approximately $914,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Crane in the second quarter valued at $190,533,000. Geode Capital Management LLC grew its position in shares of Crane by 0.6% during the second quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock worth $164,135,000 after acquiring an additional 4,744 shares during the last quarter. Select Equity Group L.P. increased its holdings in shares of Crane by 1.1% in the 2nd quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock worth $139,938,000 after acquiring an additional 8,151 shares during the period. Principal Financial Group Inc. lifted its position in Crane by 8.2% in the 3rd quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock valued at $90,196,000 after purchasing an additional 37,026 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after purchasing an additional 84,278 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Susan D. Lynch bought 150 shares of Crane stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $182.22 per share, with a total value of $27,333.00. Following the completion of the acquisition, the director directly owned 220 shares in the company, valued at approximately $40,088.40. This trade represents a 214.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sanjay Kapoor purchased 2,814 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $177.68 per share, with a total value of $499,991.52. Following the transaction, the director directly owned 2,814 shares in the company, valued at $499,991.52. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 5,464 shares of company stock valued at $987,470. 2.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on CR shares. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Crane in a research note on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 target price on shares of Crane in a research note on Thursday, January 29th. CJS Securities raised Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wolfe Research set a $215.00 price target on Crane and gave the company an “outperform” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crane currently has an average rating of “Buy” and a consensus price target of $224.00.

Crane Price Performance

Shares of NYSE CR opened at $200.34 on Friday. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $193.81 and a two-hundred day moving average of $188.95. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last released its earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS 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 business 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 earned $1.38 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, analysts expect 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 will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 27th will be given a dividend of $0.255 per share. This is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s payout ratio is currently 16.32%.

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.