SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 5.0% Stake in Crane Co.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported a continued beneficial ownership of 5.0% of Crane Co.'s common stock as of December 31, 2024, through a Schedule 13G Amendment.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 2,864,770.32 shares of Crane Co. common stock.
- This ownership represents 5.0% of the total outstanding class of Crane Co. common stock.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously reported stake.
- The date of the event requiring this filing was December 31, 2024.
- FMR LLC holds sole voting power over 2,838,086.00 shares and sole dispositive power over 2,864,770.32 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 2,864,770.32 shares.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Crane Co.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Crane Co.'s future performance or FMR LLC's investment strategy beyond the passive nature of the current holding.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by a major institutional investor (FMR LLC, parent of Fidelity Investments) in an industrial company like Crane Co. It reflects ongoing institutional interest and portfolio allocation rather than a specific industry trend or competitive action.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a large, passive investment in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, authorizing Stephanie J. Brown to sign. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires the filing of this statement (reporting period end). |
| 2025-02-11 | Date of signing and joint filing agreement for this Schedule 13G. |
Keywords
Crane Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.