Crane $CR Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Crane (NYSE:CR) by 20.1% during the 4th quarter, HoldingsChannel reports. The fund owned 75,718 shares of the conglomerate’s stock after selling 19,026 shares during the period. Legal & General Group Plc’s holdings in Crane were worth $13,965,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Crane in the 2nd quarter valued at about $29,000. Assetmark Inc. boosted its position in Crane by 57.9% during the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Crane in the fourth quarter valued at approximately $33,000. Kelleher Financial Advisors acquired a new stake in Crane in the third quarter valued at approximately $33,000. Finally, Financial Consulate Inc. increased its position in shares of Crane by 100.0% in the fourth quarter. Financial Consulate Inc. now owns 200 shares of the conglomerate’s stock valued at $37,000 after buying an additional 100 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CR. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Crane in a report on Monday. Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $215.00 in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Crane has a consensus rating of “Buy” and an average target price of $226.33.

Insider Buying and Selling at Crane

In other Crane news, Director Susan D. Lynch purchased 150 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the transaction, the director owned 370 shares of the company’s stock, valued at $65,630.60. The trade was a 68.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Crane Stock Performance

Shares of NYSE:CR opened at $186.30 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 1 year low of $159.58 and a 1 year high of $214.31. The firm has a market capitalization of $10.76 billion, a PE ratio of 24.68, a P/E/G ratio of 1.93 and a beta of 1.15. The business’s 50 day moving average price is $178.55 and its 200-day moving average price is $186.93.

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

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be given 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 is Friday, May 29th. Crane’s dividend payout ratio is 18.35%.

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.