Crane $CR Stock Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Crane stake by 241.2% in the third quarter, purchasing 102,948 additional shares and bringing its holdings to 145,622 shares worth approximately $29.7 million. Institutional investors and hedge funds collectively own 75.14% of Crane.
• Crane exceeded quarterly expectations with EPS of $1.79 versus the $1.68 consensus and revenue of $724.7 million, up 25.6% year over year. The company maintained fiscal 2026 EPS guidance of $6.85–$7.05.
• Analysts remain broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $239, compared with a recent opening price of $205.86. Crane also pays a quarterly dividend of $0.255 per share, representing a 0.5% annualized yield.

Assenagon Asset Management S.A. increased its stake in Crane (NYSE:CR - Free Report) by 241.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,622 shares of the conglomerate's stock after purchasing an additional 102,948 shares during the period. Assenagon Asset Management S.A. owned approximately 0.25% of Crane worth $29,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of CR. GHP Investment Advisors Inc. acquired a new position in Crane during the 1st quarter worth approximately $34,000. IFP Advisors Inc boosted its holdings in Crane by 403.2% during 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. NBT Bank N A NY acquired a new position in Crane during the first quarter worth $198,000. Azimuth Capital Investment Management LLC bought a new position in Crane in the second quarter valued at $202,000. Finally, Asset Advisory Group Inc. bought a new position in Crane in the second quarter valued at $205,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Crane news, Director James Tullis sold 614 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the transaction, the director owned 5,421 shares in the company, valued at $1,219,725. This represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.12% of the stock is currently owned by insiders.

Crane Trading Up 0.0%

Shares of CR stock opened at $205.86 on Monday. The firm has a 50 day moving average price of $206.18 and a two-hundred day moving average price of $200.83. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.90 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. 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 data 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. Crane had a return on equity of 18.67% and a net margin of 12.97%. The company had revenue of $724.70 million during the quarter, compared to analysts' expectations of $708.46 million. During the same quarter in the previous year, the company posted $1.49 earnings per share. The business's revenue was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, analysts predict that Crane will post 6.99 earnings per share for the current year.

Crane Announces Dividend

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 $0.2550 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane's payout ratio is currently 17.83%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CR. DA Davidson reiterated a "buy" rating and issued a $245.00 price target on shares of Crane in a research note on Tuesday, September 15th. BMO Capital Markets started coverage on Crane in a research report on Monday, July 20th. They issued an "outperform" rating and a $253.00 target price on the stock. Weiss Ratings raised Crane from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Stifel Nicolaus upped their target price on Crane from $215.00 to $242.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $239.00.

Crane Profile

Crane Company NYSE: CR is a diversified industrial technology company that develops and manufactures highly engineered products and solutions for aerospace, industrial, process flow and other specialized markets. The company serves customers that require products designed for demanding operating environments, including applications involving the movement and control of fluids.

Crane's businesses include aerospace and electronics products, process flow equipment and engineered materials.

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