Ancora Advisors LLC Acquires New Position in Crane $CR

Key Points

• Ancora Advisors acquired 38,838 Crane shares worth approximately $8.7 million in the second quarter, while institutional investors collectively owned 75.14% of the company.
• Analysts remain broadly bullish, with Crane holding a consensus “Buy” rating and an average price target of $238.60; recent targets ranged from $242 to $253.
• Crane exceeded quarterly earnings and revenue expectations, reporting $1.79 EPS and $724.7 million in revenue, up 25.6% year over year. The company also declared a quarterly dividend of $0.255 per share, a 0.5% annualized yield.

Ancora Advisors LLC bought a new position in Crane (NYSE:CR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 38,838 shares of the conglomerate's stock, valued at approximately $8,664,000. Ancora Advisors LLC owned 0.07% of Crane at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cresset Asset Management LLC lifted its position in shares of Crane by 2.4% during the second quarter. Cresset Asset Management LLC now owns 3,245 shares of the conglomerate's stock valued at $616,000 after buying an additional 76 shares during the last quarter. Aviva PLC raised its stake in shares of Crane by 3.0% during the 4th quarter. Aviva PLC now owns 2,671 shares of the conglomerate's stock worth $493,000 after acquiring an additional 78 shares in the last quarter. Covestor Ltd raised its stake in shares of Crane by 16.1% during the 4th quarter. Covestor Ltd now owns 626 shares of the conglomerate's stock worth $116,000 after acquiring an additional 87 shares in the last quarter. State of Wyoming lifted its position in Crane by 36.6% during the fourth quarter. State of Wyoming now owns 381 shares of the conglomerate's stock valued at $70,000 after acquiring an additional 102 shares during the last quarter. Finally, Caerus Investment Advisors LLC lifted its position in Crane by 8.0% during the fourth quarter. Caerus Investment Advisors LLC now owns 1,478 shares of the conglomerate's stock valued at $273,000 after acquiring an additional 109 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CR shares. DA Davidson lifted their price target on shares of Crane from $235.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Stifel Nicolaus raised their price objective on Crane from $215.00 to $242.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Wall Street Zen lowered Crane from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. BMO Capital Markets began coverage on Crane in a research note on Monday, July 20th. They issued an "outperform" rating and a $253.00 price target for the company. Finally, Weiss Ratings raised Crane from a "hold (c+)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, Crane presently has a consensus rating of "Buy" and a consensus target price of $238.60.

Insiders Place Their Bets

In other Crane news, Director James L. L Tullis sold 614 shares of Crane stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares in the company, valued at approximately $1,219,725. This trade represents a 10.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company's stock.

Crane Price Performance

Shares of NYSE:CR opened at $205.91 on Wednesday. Crane has a twelve month low of $159.58 and a twelve month high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. The company has a market cap of $11.90 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The company's 50 day moving average is $217.35 and its 200 day moving average is $197.08.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating the consensus estimate of $1.68 by $0.11. Crane had a net margin of 12.97% and a return on equity of 18.67%. The business had revenue of $724.70 million during the quarter, compared to analysts' expectations of $708.46 million. During the same period in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, sell-side analysts forecast that Crane will post 6.96 EPS for the current year.

Crane Dividend Announcement

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

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.

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