Maven Securities LTD Takes Position in Crane $CR

Maven Securities LTD acquired a new position in Crane (NYSE:CR) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 14,477 shares of the conglomerate’s stock, valued at approximately $3,229,000.

Several other institutional investors also recently bought and sold shares of CR. California State Teachers Retirement System grew its position in Crane by 21,021.6% during the 2nd quarter. California State Teachers Retirement System now owns 12,301,418 shares of the conglomerate’s stock worth $2,744,077,000 after acquiring an additional 12,243,177 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in 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 purchasing an additional 7,852,692 shares during the last quarter. Norges Bank bought a new stake in Crane in the fourth quarter valued at approximately $198,509,000. Freestone Grove Partners LP purchased a new stake in shares of Crane during the fourth quarter valued at approximately $76,171,000. Finally, AQR Capital Management LLC grew its holdings in shares of Crane by 85.6% in the fourth quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate’s stock worth $147,519,000 after purchasing an additional 368,816 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CR has been the subject of a number of recent analyst reports. BMO Capital Markets started coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price target for the company. Weiss Ratings cut shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft set a $240.00 target price on Crane in a research note on Tuesday, September 1st. Stifel Nicolaus upped their price target on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, DA Davidson increased their price objective on Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $239.00.

Insider Activity

In other news, Director James Tullis sold 614 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares in the company, valued at $1,219,725. This trade represents a 10.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Crane Stock Down 1.0%

Shares of NYSE CR opened at $202.69 on Wednesday. The firm has a fifty day simple moving average of $214.85 and a two-hundred day simple moving average of $197.52. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $11.72 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.01.

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

Crane Announces Dividend

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

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.