Sei Investments Co. Sells 7,187 Shares of Crane $CR

Sei Investments Co. decreased its stake in shares of Crane (NYSE:CR) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,656 shares of the conglomerate’s stock after selling 7,187 shares during the quarter. Sei Investments Co.’s holdings in Crane were worth $6,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Crane by 289,020.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after purchasing an additional 7,852,692 shares during the period. Capital World Investors grew its stake in shares of Crane by 1.7% in the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock valued at $552,022,000 after buying an additional 48,679 shares during the period. Norges Bank bought a new stake in Crane in the 4th quarter valued at about $198,509,000. Geode Capital Management LLC boosted its holdings in Crane by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Crane by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock valued at $144,622,000 after acquiring an additional 3,678 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

CR has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane in a research report on Friday. DA Davidson lifted their price objective on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets began coverage on shares of Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Stifel Nicolaus lifted their price target on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $236.33.

Crane Stock Performance

NYSE CR opened at $219.43 on Tuesday. The company has a fifty day moving average price of $209.70 and a 200-day moving average price of $194.99. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.93 and a beta of 1.01. 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 $230.50.

Crane (NYSE:CR) last released its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.11. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $708.46 million. During the same period in the previous year, the company earned $1.49 earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, equities research analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

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

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.