Bank of America Corp DE Sells 19,323 Shares of Crane $CR

Key Points

• Bank of America reduced its Crane stake by 6.6%, selling 19,323 shares and retaining 275,334 shares valued at approximately $47.1 million. Institutional investors collectively own 75.14% of Crane.
• Crane exceeded quarterly expectations, reporting EPS of $1.79 versus the $1.68 consensus and revenue of $724.7 million, up 25.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.85–$7.05.
• Analysts remain broadly positive, with Crane carrying a “Buy” consensus rating and an average price target of $236.33. The company also declared a quarterly dividend of $0.255 per share, representing a 0.5% yield.

Bank of America Corp DE trimmed its holdings in shares of Crane (NYSE:CR - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,334 shares of the conglomerate's stock after selling 19,323 shares during the period. Bank of America Corp DE owned about 0.48% of Crane worth $47,082,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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 valued at $169,282,000 after acquiring an additional 35,441 shares during the last quarter. Hsbc Holdings PLC increased its stake in Crane by 92.7% during the fourth quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate's stock worth $21,198,000 after acquiring an additional 54,619 shares during the last quarter. Congruence Capital LLC purchased a new position in shares of Crane in the 4th quarter worth about $18,604,000. Venture Visionary Partners LLC lifted its stake in shares of Crane by 25.0% in the 4th quarter. Venture Visionary Partners LLC now owns 50,694 shares of the conglomerate's stock valued at $9,469,000 after purchasing an additional 10,136 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Crane by 210.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the conglomerate's stock worth $9,336,000 after purchasing an additional 37,001 shares during the period. Institutional investors own 75.14% of the company's stock.

Crane Stock Performance

Shares of CR stock opened at $223.05 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84. The company's fifty day moving average price is $215.07 and its two-hundred day moving average price is $195.70. The firm has a market capitalization of $12.89 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.66 and a beta of 1.03. Crane has a 12 month low of $159.58 and a 12 month high of $230.50.

Crane (NYSE:CR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.11. The business had revenue of $724.70 million for the quarter, compared to analyst estimates of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.The company's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts anticipate that Crane will post 6.96 earnings per share for the current fiscal year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane's dividend payout ratio is 17.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CR shares. Stifel Nicolaus lifted their price target on shares of Crane from $215.00 to $242.00 and gave the company a "buy" rating in a research report on Monday, July 20th. BMO Capital Markets began coverage on shares of Crane in a research report on Monday, July 20th. They issued an "outperform" rating and a $253.00 price objective for the company. Wall Street Zen downgraded shares of Crane from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings restated a "hold (c+)" rating on shares of Crane in a report on Friday, July 31st. Finally, DA Davidson upped their price target on shares of Crane from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. 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 company's stock. According to MarketBeat, Crane presently has an average rating of "Buy" and an average price target of $236.33.

Crane Company 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.

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