Y Intercept Hong Kong Ltd Boosts Holdings in Crane $CR

Y Intercept Hong Kong Ltd boosted its stake in Crane (NYSE:CR) by 210.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 54,594 shares of the conglomerate’s stock after purchasing an additional 37,001 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Crane were worth $9,336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new position in shares of Crane during the 4th quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in shares of Crane in the 2nd quarter worth approximately $29,000. Flagship Harbor Advisors LLC bought a new stake in shares of Crane in the 4th quarter worth approximately $33,000. Kelleher Financial Advisors purchased a new position in Crane in the third quarter valued at approximately $33,000. Finally, GHP Investment Advisors Inc. purchased a new position in Crane in the first quarter valued at approximately $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Crane

In related news, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the purchase, the director directly owned 370 shares in the company, valued at $65,630.60. This trade represents a 68.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CR. Wall Street Zen downgraded Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and upped their price target for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Weiss Ratings downgraded Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Crane in a report on Monday, June 1st. Two investment 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $226.33.

Crane Stock Up 0.1%

Crane stock opened at $217.81 on Friday. The firm has a 50 day simple moving average of $192.69 and a 200 day simple moving average of $190.95. 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 has a 1-year low of $159.58 and a 1-year high of $226.46. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.93 and a beta of 1.00.

Crane (NYSE:CR) last posted its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $672.74 million. During the same quarter in the prior year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio is 18.35%.

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.