Gabelli Funds LLC Has $138.31 Million Stock Position in Crane $CR

Gabelli Funds LLC reduced its holdings in Crane (NYSE:CR) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 749,945 shares of the conglomerate’s stock after selling 10,620 shares during the period. Crane comprises approximately 0.9% of Gabelli Funds LLC’s holdings, making the stock its 13th biggest position. Gabelli Funds LLC’s holdings in Crane were worth $138,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CR. Royal Bank of Canada increased its position 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 acquiring an additional 4,749 shares during the period. Goldman Sachs Group Inc. increased its position in Crane by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after acquiring an additional 84,278 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Crane by 3.2% in 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 valued at $20,951,000 after acquiring an additional 4,217 shares during the period. Focus Partners Wealth increased its position in Crane by 17.0% in 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 acquired a new position in Crane in the 2nd quarter valued at approximately $207,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CR shares. Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Crane in a research note on Tuesday, April 28th. Stifel Nicolaus raised shares of Crane from a “hold” rating to a “buy” rating and increased their target price for the stock from $200.00 to $215.00 in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 target price on shares of Crane in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $226.33.

Crane Stock Down 0.1%

Crane stock opened at $171.73 on Monday. Crane has a 1-year low of $159.58 and a 1-year high of $214.31. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. The firm’s fifty day moving average price is $179.69 and its two-hundred day moving average price is $187.91. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

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

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be issued a $0.255 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.02 annualized dividend and a dividend yield of 0.6%. Crane’s dividend payout ratio is currently 18.35%.

Insider Activity at Crane

In other news, Director Susan D. Lynch bought 150 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the acquisition, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by corporate insiders.

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.