Crane $CR Position Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Crane (NYSE:CR) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,475 shares of the conglomerate’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned about 0.11% of Crane worth $11,484,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in Crane by 104.8% in the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 131 shares during the last quarter. Westpac Banking Corp bought a new position in Crane in the first quarter worth about $76,000. Fifth Third Bancorp lifted its holdings in Crane by 31.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate’s stock worth $87,000 after acquiring an additional 136 shares during the last quarter. Wayfinding Financial LLC bought a new position in Crane in the first quarter worth about $105,000. Finally, Brooklyn Investment Group lifted its holdings in Crane by 35.7% in the first quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Crane

In other Crane news, VP Alejandro Alcala sold 20,791 shares of Crane stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $192.74, for a total value of $4,007,257.34. Following the transaction, the vice president owned 33,526 shares in the company, valued at approximately $6,461,801.24. The trade was a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.12% of the company’s stock.

Crane Price Performance

NYSE CR opened at $183.57 on Friday. Crane has a 12 month low of $127.04 and a 12 month high of $203.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market capitalization of $10.56 billion, a PE ratio of 24.31, a P/E/G ratio of 1.93 and a beta of 1.22. The company’s 50 day simple moving average is $184.95 and its 200 day simple moving average is $177.32.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.15. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $577.20 million for the quarter, compared to analyst estimates of $567.70 million. During the same quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. As a group, equities research analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were given a $0.23 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.92 annualized dividend and a yield of 0.5%. Crane’s payout ratio is 15.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CR shares. DA Davidson raised their target price on shares of Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up previously from $215.00) on shares of Crane in a report on Wednesday, July 30th. Stifel Nicolaus lifted their price target on Crane from $189.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Bank of America lifted their price target on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.20.

Crane Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.