7,139 Crane $CR Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management reduced its Crane position by 17.1%, selling 7,139 shares and retaining 34,613 shares valued at approximately $7.06 million. Institutional investors collectively own 75.14% of Crane.
• Crane reported quarterly EPS of $1.79, beating estimates of $1.68, while revenue rose 25.6% year over year to $724.7 million. The company guided to fiscal 2026 EPS of $6.85–$7.05.
• Crane shares recently traded at $182.65, down from their 50-day and 200-day moving averages, while analysts maintained a consensus “Buy” rating with an average price target of $239. The company also pays a quarterly dividend of $0.255 per share.

Sterling Capital Management LLC decreased its position in Crane (NYSE:CR - Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,613 shares of the conglomerate's stock after selling 7,139 shares during the period. Sterling Capital Management LLC owned 0.06% of Crane worth $7,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CR. GHP Investment Advisors Inc. purchased a new stake in shares of Crane during the first quarter valued at approximately $34,000. IFP Advisors Inc boosted its position in Crane by 403.2% in the second quarter. IFP Advisors Inc now owns 624 shares of the conglomerate's stock worth $139,000 after purchasing an additional 500 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new position in Crane in the second quarter worth $202,000. Asset Advisory Group Inc. bought a new position in Crane in the 2nd quarter valued at $205,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Crane during the 2nd quarter valued at $236,000. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

In other Crane news, Director James Tullis sold 400 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $205.38, for a total transaction of $82,152.00. Following the completion of the transaction, the director owned 5,021 shares in the company, valued at $1,031,212.98. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by company insiders.

Crane Stock Performance

NYSE:CR traded down $6.40 during trading hours on Friday, reaching $182.65. The stock had a trading volume of 706,669 shares, compared to its average volume of 331,335. The stock has a market cap of $10.56 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The stock has a 50 day simple moving average of $203.82 and a 200 day simple moving average of $201.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.84 and a current ratio of 2.80. Crane has a 12-month low of $159.58 and a 12-month high of $230.50.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.11. The firm had revenue of $724.70 million for the quarter, compared to analysts' expectations of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts forecast that Crane will post 6.99 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were issued a dividend of $0.2550 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 annualized dividend and a yield of 0.6%. Crane's dividend payout ratio is 17.83%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CR. Stifel Nicolaus boosted their price target on shares of Crane from $215.00 to $242.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Crane from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. DA Davidson reaffirmed a "buy" rating and issued a $245.00 price objective on shares of Crane in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on shares of Crane in a research report on Tuesday, September 1st. Finally, BMO Capital Markets initiated coverage on shares of Crane in a research note on Monday, July 20th. They issued an "outperform" rating and a $253.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $239.00.

Crane Profile

Crane Company NYSE: CR is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.

Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.

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