Crane (NYSE:CR) Director James L. Tullis Sells 400 Shares

Crane (NYSE:CR) Director James L. Tullis sold 400 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $205.38, for a total transaction of $82,152.00. Following the transaction, the director directly owned 5,021 shares of the company’s stock, valued at $1,031,212.98. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Crane Price Performance

Shares of NYSE:CR opened at $199.30 on Thursday. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The company has a 50-day moving average price of $216.29 and a 200 day moving average price of $197.43. The company has a market cap of $11.52 billion, a P/E ratio of 34.84, a PEG ratio of 2.40 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last released its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts predict that Crane will post 6.99 earnings per share for the current year.

Crane Announces Dividend

The firm also recently disclosed 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. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane’s dividend payout ratio is currently 17.83%.

Hedge Funds Weigh In On Crane

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Crane by 21,021.6% in the second quarter. California State Teachers Retirement System now owns 12,301,418 shares of the conglomerate’s stock valued at $2,744,077,000 after purchasing an additional 12,243,177 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Crane by 289,020.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after buying an additional 7,852,692 shares in the last quarter. Capital World Investors raised its stake in shares of Crane by 1.7% during the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after buying an additional 48,679 shares during the last quarter. Norges Bank acquired a new position in shares of Crane during the 4th quarter worth $198,509,000. Finally, Geode Capital Management LLC boosted its position in shares of Crane by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after buying an additional 35,441 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CR shares. Wall Street Zen cut 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 stock a “buy” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $240.00 price target on shares of Crane in a report on Tuesday. DA Davidson raised their price objective on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets began coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $239.00.

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.