New York State Teachers Retirement System Has $9.29 Million Stock Holdings in Crane (NYSE:CR)

New York State Teachers Retirement System cut its holdings in shares of Crane (NYSE:CR - Free Report) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,675 shares of the conglomerate's stock after selling 3,749 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Crane worth $9,294,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CR. Huntington National Bank increased its position in shares of Crane by 487.8% during the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock valued at $37,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC increased its position in shares of Crane by 104.8% during the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 131 shares during the period. Fifth Third Bancorp increased its position in shares of Crane by 31.4% during the first quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate's stock valued at $87,000 after purchasing an additional 136 shares during the period. Jones Financial Companies Lllp increased its position in shares of Crane by 17.8% during the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock valued at $89,000 after purchasing an additional 88 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Crane during the fourth quarter valued at approximately $101,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Price Performance

Shares of CR stock traded down $2.10 during trading hours on Monday, hitting $191.06. 296,581 shares of the company's stock were exchanged, compared to its average volume of 284,070. The stock's 50-day moving average is $177.42 and its 200-day moving average is $163.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 52 week low of $127.04 and a 52 week high of $194.60. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $557.60 million for the quarter, compared to analyst estimates of $546.93 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company's revenue was up 9.3% on a year-over-year basis. As a group, research analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, May 30th. Crane's dividend payout ratio is currently 15.94%.

Insider Buying and Selling

In other Crane news, SVP Jason D. Feldman sold 1,300 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the sale, the senior vice president owned 9,796 shares of the company's stock, valued at $1,734,871.60. This represents a 11.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CR. Deutsche Bank Aktiengesellschaft upped their price target on Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. DA Davidson reiterated a "buy" rating and issued a $200.00 price target on shares of Crane in a research report on Tuesday, June 10th. Stifel Nicolaus upped their price target on Crane from $144.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, April 30th. Finally, UBS Group set a $215.00 price target on Crane and gave the company a "buy" rating in a research report on Tuesday, June 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Crane has a consensus rating of "Moderate Buy" and a consensus price target of $197.75.

Crane Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.