Maven Securities LTD bought a new position in Crane (NYSE:CR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,477 shares of the conglomerate's stock, valued at approximately $3,229,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CR. California State Teachers Retirement System boosted its position in shares of 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 acquiring an additional 12,243,177 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Crane by 289,020.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate's stock worth $1,448,773,000 after acquiring an additional 7,852,692 shares during the period. Norges Bank purchased a new stake in Crane in the 4th quarter worth approximately $198,509,000. Freestone Grove Partners LP purchased a new position in shares of Crane during the 4th quarter valued at $76,171,000. Finally, AQR Capital Management LLC grew its position in shares of Crane by 85.6% during the 4th quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate's stock valued at $147,519,000 after purchasing an additional 368,816 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.
Crane Stock Down 1.0%
Shares of NYSE:CR opened at $202.69 on Wednesday. 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. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.84 and a current ratio of 2.80. Crane has a 52-week low of $159.58 and a 52-week high of $230.50. The firm has a fifty day moving average of $214.85 and a 200 day moving average of $197.52.
Crane (NYSE:CR - Get Free Report) last released its quarterly 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 return on equity of 18.67% and a net margin of 12.97%.The business had revenue of $724.70 million for the quarter, compared to the consensus estimate of $708.46 million. During the same quarter last year, the business posted $1.49 earnings per share. The company's revenue for the quarter was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, research analysts anticipate that Crane will post 6.99 EPS for the current fiscal year.
Crane Dividend Announcement
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 paid a $0.255 dividend. 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 dividend payout ratio is currently 17.83%.
Insider Buying and Selling
In other Crane news, Director James Tullis sold 614 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the transaction, the director directly owned 5,421 shares in the company, valued at $1,219,725. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. DA Davidson increased their price objective on Crane from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on Crane from $215.00 to $242.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $240.00 target price on Crane in a research note on Tuesday, September 1st. Weiss Ratings lowered Crane from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. Finally, BMO Capital Markets initiated coverage on shares of Crane in a research report on Monday, July 20th. They issued 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, Crane currently has an average rating of "Buy" and an average target price of $239.00.
Get Our Latest Research Report on Crane
About Crane
(
Free Report)
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.
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