Sanjay Kapoor Buys 2,814 Shares of Crane (NYSE:CR) Stock
by Renee Jackson · The Cerbat GemCrane (NYSE:CR – Get Free Report) Director Sanjay Kapoor acquired 2,814 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average cost of $177.68 per share, for a total transaction of $499,991.52. Following the completion of the transaction, the director directly owned 2,814 shares of the company’s stock, valued at $499,991.52. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Crane Stock Performance
Shares of Crane stock traded up $2.87 during trading hours on Monday, reaching $185.51. 454,144 shares of the stock traded hands, compared to its average volume of 502,975. Crane has a one year low of $127.04 and a one year high of $214.31. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $191.49 and a 200 day moving average price of $188.54.
Crane (NYSE:CR – Get Free Report) last released its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company 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 business earned $1.38 earnings per share. Crane’s quarterly revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, equities research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.
Crane Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 0.5%. This is an increase from Crane’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 27th. Crane’s dividend payout ratio (DPR) is 16.32%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on CR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 target price on shares of Crane in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Crane in a research report on Thursday. Stifel Nicolaus increased their price objective on Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $224.00.
View Our Latest Stock Report on Crane
Hedge Funds Weigh In On Crane
Several institutional investors and hedge funds have recently added to or reduced their stakes in CR. Artemis Investment Management LLP raised its stake in Crane by 7.8% in the fourth quarter. Artemis Investment Management LLP now owns 499,264 shares of the conglomerate’s stock valued at $92,079,000 after buying an additional 36,095 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Crane by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 61,064 shares of the conglomerate’s stock worth $11,262,000 after buying an additional 789 shares during the last quarter. R Squared Ltd raised its position in Crane by 55.4% during the fourth quarter. R Squared Ltd now owns 4,833 shares of the conglomerate’s stock valued at $891,000 after acquiring an additional 1,722 shares in the last quarter. M&T Bank Corp lifted its holdings in Crane by 26.7% in the fourth quarter. M&T Bank Corp now owns 8,195 shares of the conglomerate’s stock valued at $1,511,000 after acquiring an additional 1,729 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in Crane during the fourth quarter worth $98,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
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.