NewEdge Advisors LLC Lowers Stake in Crane $CR

NewEdge Advisors LLC reduced its stake in shares of Crane (NYSE:CR) by 43.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,597 shares of the conglomerate’s stock after selling 2,719 shares during the period. NewEdge Advisors LLC’s holdings in Crane were worth $615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new position in Crane in the fourth quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in Crane during the second quarter valued at about $29,000. Kelleher Financial Advisors bought a new stake in Crane during the third quarter worth about $33,000. GHP Investment Advisors Inc. bought a new stake in Crane during the first quarter worth about $34,000. Finally, IFP Advisors Inc boosted its holdings in shares of Crane by 193.7% in the 4th quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock worth $43,000 after purchasing an additional 153 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings upgraded Crane from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. BMO Capital Markets started coverage on Crane in a research report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price for the company. DA Davidson upped their target price on Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $238.60.

Crane Stock Performance

NYSE CR opened at $206.50 on Friday. The company has a 50-day simple moving average of $217.37 and a two-hundred day simple moving average of $196.70. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.52 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last released its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, topping the consensus estimate of $1.68 by $0.11. Crane had a return on equity of 18.67% and a net margin of 12.97%.The firm had revenue of $724.70 million for the quarter, compared to the consensus estimate of $708.46 million. During the same quarter in the previous year, the business earned $1.49 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, equities analysts forecast that Crane will post 6.96 EPS for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane’s payout ratio is 17.83%.

Insider Buying and Selling at Crane

In other news, Director James L. L Tullis sold 614 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total value of $138,150.00. Following the transaction, the director owned 5,421 shares in the company, valued at approximately $1,219,725. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.