Corient Private Wealth LP Has $7.27 Million Stock Position in Crane $CR

Key Points

• Corient Private Wealth reduced its Crane stake by 13.9% in the second quarter, selling 5,253 shares and retaining 32,604 shares worth approximately $7.27 million. Institutional investors collectively own 75.14% of Crane.
• Crane reported strong quarterly results, with EPS of $1.79 beating estimates and revenue rising 25.6% year over year to $724.7 million. The company provided fiscal 2026 EPS guidance of $6.85–$7.05.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $239. Recent targets range from $240 to $253, while Crane also pays a quarterly dividend of $0.255, yielding approximately 0.5%.

Corient Private Wealth LP lowered its stake in shares of Crane (NYSE:CR - Free Report) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,604 shares of the conglomerate's stock after selling 5,253 shares during the quarter. Corient Private Wealth LP owned approximately 0.06% of Crane worth $7,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Crane in the fourth quarter valued at approximately $198,509,000. Bradley Foster & Sargent Inc. CT raised its position in Crane by 1,652.8% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 223,238 shares of the conglomerate's stock worth $38,174,000 after purchasing an additional 210,502 shares during the last quarter. Congruence Capital LLC acquired a new position in Crane during the 4th quarter worth $18,604,000. First Trust Advisors LP lifted its holdings in Crane by 98.3% during the 1st quarter. First Trust Advisors LP now owns 202,045 shares of the conglomerate's stock worth $34,550,000 after buying an additional 100,157 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Crane by 61.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 248,087 shares of the conglomerate's stock valued at $42,423,000 after buying an additional 94,780 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Activity at Crane

In other Crane news, Director James Tullis sold 400 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $205.38, for a total value of $82,152.00. Following the completion of the transaction, the director directly owned 5,021 shares of the company's stock, valued at approximately $1,031,212.98. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.12% of the stock is currently owned by corporate insiders.

Crane Price Performance

Crane stock opened at $197.94 on Friday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 34.61, a PEG ratio of 2.35 and a beta of 1.01. Crane has a 1 year low of $159.58 and a 1 year high of $230.50. The business has a 50-day moving average of $212.18 and a 200-day moving average of $197.31. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $708.46 million. During the same period last year, the company posted $1.49 EPS. Crane's revenue for the quarter was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, equities analysts anticipate that Crane will post 6.99 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were given a $0.255 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane's dividend payout ratio is currently 17.83%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CR. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research note on Tuesday, September 1st. Stifel Nicolaus boosted their price objective on Crane from $215.00 to $242.00 and gave the stock a "buy" rating in a report on Monday, July 20th. DA Davidson restated a "buy" rating and set a $245.00 target price on shares of Crane in a research report on Tuesday. Weiss Ratings upgraded shares of Crane from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Finally, BMO Capital Markets assumed 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 investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $239.00.

More Crane News

Here are the key news stories impacting Crane this week:

• Positive Sentiment: DA Davidson assigns a Buy rating. The analyst’s positive view could improve investor sentiment and support the stock’s valuation. Crane currently trades at roughly 30 times earnings, making continued earnings execution important. Crane Earns Buy Rating from DA Davidson
• Positive Sentiment: Crane agreed to acquire Trillium’s U.S. pump business for $240 million. The transaction expands Crane’s presence in pump and fluid-handling markets and could provide additional revenue and operational synergies. Investors will likely focus on the acquired business’s growth, profitability and the deal’s impact on leverage. First Reserve to Sell Trillium U.S. Pump Business to Crane
• Neutral Sentiment: Several reports about cranes collapsing or falling are unrelated to Crane Co. The incidents in Miami, New Jersey and elsewhere concern construction equipment and do not indicate a product, operating or legal issue involving the publicly traded company. Likewise, the report about Crane Venture Partners and the U.S. Navy’s NSWC Crane facility does not involve Crane Co.

About Crane

Crane Company NYSE: CR is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, process industries, and payment and merchandising applications. Its offerings are used in demanding operating environments where reliability, safety, and specialized performance are important.

The company operates through businesses focused on aerospace and electronics, process flow technologies, and payment and merchandising technologies. Its products include aerospace components and systems, engineered valves and pumps, fluid-handling equipment, payment acceptance and vending solutions, and related technologies used by commercial, industrial, and infrastructure customers.

Crane traces its origins to 1855, when Richard Teller Crane established the company in Chicago.

Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane (NYSE:CR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.