Crane (NYSE:CR) Director James L. Tullis Sells 614 Shares

Crane (NYSE:CR) Director James L. Tullis sold 614 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares of the company’s stock, valued at $1,219,725. This represents a 10.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Crane Stock Down 0.1%

Crane stock opened at $218.76 on Friday. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.64 and a beta of 1.03. The company’s 50-day moving average price is $216.29 and its two-hundred day moving average price is $195.97. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.11. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, analysts expect that Crane will post 6.96 EPS for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.02 annualized dividend and a yield of 0.5%. Crane’s payout ratio is presently 17.83%.

Analyst Ratings Changes

CR has been the subject of a number of research reports. BMO Capital Markets started coverage on Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price target for the company. DA Davidson upped their price objective on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus upped their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $236.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Crane by 27.4% during the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after acquiring an additional 4,749 shares during the period. Goldman Sachs Group Inc. grew its position in Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after purchasing an additional 84,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Crane by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock worth $20,951,000 after purchasing an additional 4,217 shares in the last quarter. Focus Partners Wealth raised its stake in Crane by 17.0% during the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after purchasing an additional 246 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Crane during the 2nd quarter valued at $207,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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.