California State Teachers Retirement System Sells 3,095 Shares of Crane $CR

California State Teachers Retirement System reduced its stake in shares of Crane (NYSE:CR - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,146 shares of the conglomerate's stock after selling 3,095 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Crane worth $12,301,418 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wedmont Private Capital lifted its stake in Crane by 8.4% during the 2nd quarter. Wedmont Private Capital now owns 1,450 shares of the conglomerate's stock worth $318,000 after acquiring an additional 112 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Crane by 17.8% in the second quarter. HB Wealth Management LLC now owns 3,922 shares of the conglomerate's stock valued at $875,000 after purchasing an additional 594 shares during the period. Azimuth Capital Investment Management LLC purchased a new position in shares of Crane in the second quarter worth approximately $202,000. iSAM Funds UK Ltd bought a new position in Crane during the second quarter valued at about $245,000. Finally, Nykredit A S bought a new position in Crane in the second quarter worth $340,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Crane News

Here are the key news stories impacting Crane this week:

• Positive Sentiment: DA Davidson reaffirmed its Buy rating and assigned a $245 price target, implying substantial upside from recent trading levels. The bullish view provides support for CR following its recent pullback. DA Davidson rating update
• Positive Sentiment: Crane agreed to acquire Trillium Flow Technologies’ U.S. pumps business for approximately $240 million. The unit serves municipal water and wastewater customers, expanding Crane’s presence in engineered flow-control equipment and potentially adding recurring infrastructure-related demand. Crane Trillium acquisition announcement
• Neutral Sentiment: The acquisition is priced at approximately 14.6 times the business’s implied earnings, meaning investors will be watching integration execution, synergies and whether the purchase generates attractive returns. Trillium pumps deal valuation
• Negative Sentiment: Commentary suggesting CR may be near fair value after the $240 million pump transaction could limit enthusiasm, particularly with the stock trading at a relatively elevated earnings multiple. Investors may want clearer evidence that the deal will accelerate growth. Crane stock fair value analysis

Crane Trading Down 1.5%

Shares of NYSE:CR traded down $2.96 during mid-day trading on Tuesday, hitting $196.29. The stock had a trading volume of 173,124 shares, compared to its average volume of 486,238. The company has a market cap of $11.35 billion, a PE ratio of 34.33, a P/E/G ratio of 2.40 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. The company's 50 day moving average is $213.36 and its 200-day moving average is $197.44. Crane has a 12-month low of $159.58 and a 12-month high of $230.50.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $708.46 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The firm'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. On average, sell-side analysts predict that Crane will post 6.99 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. Crane's dividend payout ratio (DPR) is presently 17.83%.

Insider Buying and Selling

In related news, Director James Tullis sold 400 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $205.38, for a total value of $82,152.00. Following the transaction, the director directly owned 5,021 shares of the company's stock, valued at approximately $1,031,212.98. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.12% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CR. Deutsche Bank Aktiengesellschaft set a $240.00 target price on shares of Crane in a research note on Tuesday, September 1st. Stifel Nicolaus increased their target price on shares of Crane from $215.00 to $242.00 and gave the company a "buy" rating in a report on Monday, July 20th. Weiss Ratings raised shares of Crane from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. BMO Capital Markets began coverage on shares of Crane in a research note on Monday, July 20th. They set an "outperform" rating and a $253.00 price target for the company. Finally, DA Davidson reissued a "buy" rating and set a $245.00 price target on shares of Crane in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $239.00.

About Crane

Crane Company NYSE: CR is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, process industries, and payment and merchandising applications. Its offerings are used in demanding operating environments where reliability, safety, and specialized performance are important.

The company operates through businesses focused on aerospace and electronics, process flow technologies, and payment and merchandising technologies. Its products include aerospace components and systems, engineered valves and pumps, fluid-handling equipment, payment acceptance and vending solutions, and related technologies used by commercial, industrial, and infrastructure customers.

Crane traces its origins to 1855, when Richard Teller Crane established the company in Chicago.

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