Private Advisor Group LLC Acquires 3,302 Shares of Crane $CR

Private Advisor Group LLC lifted its stake in Crane (NYSE:CR) by 92.0% in the first quarter, HoldingsChannel.com reports. The firm owned 6,893 shares of the conglomerate’s stock after purchasing an additional 3,302 shares during the quarter. Private Advisor Group LLC’s holdings in Crane were worth $1,179,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Crane by 27.4% in the 1st quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after purchasing an additional 4,749 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Crane by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after buying an additional 84,278 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Crane by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock worth $20,951,000 after acquiring an additional 4,217 shares during the period. Focus Partners Wealth lifted its position in shares of Crane by 17.0% during the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Crane in the second quarter worth $207,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Price Performance

CR opened at $219.15 on Monday. 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 stock has a market capitalization of $12.65 billion, a P/E ratio of 29.03, a PEG ratio of 1.93 and a beta of 1.01. The stock has a 50-day moving average price of $196.54 and a 200-day moving average price of $192.05. Crane has a 12-month low of $159.58 and a 12-month high of $226.46.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share 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 during the quarter, compared to analysts’ expectations of $672.74 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Equities analysts predict 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 was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Crane’s payout ratio is 18.35%.

Wall Street Analyst Weigh In

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

Insider Transactions at Crane

In other news, Director Susan D. Lynch acquired 150 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the acquisition, the director owned 370 shares of the company’s stock, valued at approximately $65,630.60. This represents a 68.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.12% of the stock is currently owned by insiders.

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.