M&T Bank Corp Raises Stock Position in Crane $CR

Key Points

• M&T Bank Corp increased its position in Crane by 1,021.4% in Q4, buying 66,042 shares to hold 72,508 shares worth $13.37 million (about 0.13% of the company).
• Crane beat Q4 expectations with EPS of $1.53 vs. $1.43 and revenue of $581M (up 6.8% YoY), set FY2026 EPS guidance of 6.55–6.75, raised its quarterly dividend to $0.255, and carries a consensus analyst rating of Buy with an average price target of $223.83.

M&T Bank Corp grew its position in Crane (NYSE:CR - Free Report) by 1,021.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,508 shares of the conglomerate's stock after buying an additional 66,042 shares during the period. M&T Bank Corp owned 0.13% of Crane worth $13,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of Crane during the 3rd quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Crane during the 2nd quarter worth approximately $29,000. Assetmark Inc. increased its holdings in shares of Crane by 57.9% during the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate's stock worth $33,000 after buying an additional 66 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Crane during the fourth quarter worth $33,000. Finally, Kelleher Financial Advisors acquired a new stake in Crane during the third quarter worth $33,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Crane Price Performance

Shares of CR opened at $180.55 on Friday. Crane has a 1-year low of $142.07 and a 1-year high of $214.31. The stock has a market cap of $10.41 billion, a PE ratio of 23.91, a P/E/G ratio of 1.93 and a beta of 1.34. The firm has a 50-day simple moving average of $186.18 and a two-hundred day simple moving average of $188.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $581.00 million during the quarter, compared to analysts' expectations of $572.16 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Friday, February 27th were paid a $0.255 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Crane's previous quarterly dividend of $0.23. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. Crane's payout ratio is presently 16.32%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $238.00 target price on shares of Crane in a research note on Thursday, January 29th. Stifel Nicolaus lowered their price target on Crane from $201.00 to $200.00 and set a "hold" rating for the company in a report on Tuesday, April 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Crane in a report on Friday, March 27th. Wall Street Zen upgraded Crane from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Finally, DA Davidson reiterated a "buy" rating and set a $235.00 price target on shares of Crane in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $223.83.

Insiders Place Their Bets

In other news, SVP Jason D. Feldman sold 2,693 shares of Crane stock in a transaction on Friday, February 13th. The stock was sold at an average price of $201.95, for a total value of $543,851.35. Following the completion of the sale, the senior vice president directly owned 10,639 shares of the company's stock, valued at approximately $2,148,546.05. The trade was a 20.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Max H. Mitchell acquired 1,000 shares of the company's stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of $183.71 per share, with a total value of $183,710.00. Following the completion of the purchase, the chief executive officer directly owned 410,667 shares of the company's stock, valued at approximately $75,443,634.57. This represents a 0.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 5,464 shares of company stock valued at $987,470. Insiders own 2.12% of the company's stock.

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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