Royal Bank Cuts Crane Stake Amid Q2 Earnings Beat

Royal Bank of Canada recently reduced its position in Crane by 74.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 18,589 shares of Crane's stock after selling 52,974 shares during the period. Royal Bank of Canada's holdings in Crane were worth $3,179,000 at the end of the most recent quarter.

Goldman Sachs Group Inc. increased its holdings in shares of Crane by 23.6% in the first quarter and now owns 440,817 shares of the conglomerate's stock worth $67,524,000 after buying an additional 84,278 shares during the last quarter.

Crane (NYSE:CR) reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. The firm has set its FY 2026 guidance at 6.850-7.050 EPS.