Free Trial

Crane (NYSE:CR) Shares Bought by Teacher Retirement System of Texas

Crane logo with Industrials background

Teacher Retirement System of Texas boosted its position in shares of Crane (NYSE:CR - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,524 shares of the conglomerate's stock after acquiring an additional 2,205 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Crane worth $9,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new position in shares of Crane in the 1st quarter valued at $18,835,000. Golden State Wealth Management LLC raised its position in Crane by 104.8% during the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock worth $39,000 after buying an additional 131 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Crane during the 1st quarter worth $1,132,000. River Street Advisors LLC purchased a new position in Crane during the 1st quarter worth $252,000. Finally, State of Alaska Department of Revenue raised its position in Crane by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 11,111 shares of the conglomerate's stock worth $1,701,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CR. UBS Group set a $215.00 price target on shares of Crane and gave the company a "buy" rating in a report on Tuesday, June 10th. Stifel Nicolaus increased their price target on shares of Crane from $144.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, April 30th. DA Davidson restated a "buy" rating and set a $200.00 target price on shares of Crane in a report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $197.75.

View Our Latest Stock Analysis on CR

Crane Trading Up 0.2%

Shares of CR traded up $0.45 during mid-day trading on Tuesday, hitting $191.60. The company had a trading volume of 232,470 shares, compared to its average volume of 284,115. The stock has a market cap of $11.02 billion, a PE ratio of 25.38, a P/E/G ratio of 1.93 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 1-year low of $127.04 and a 1-year high of $194.37. The business's 50-day simple moving average is $178.09 and its 200-day simple moving average is $163.51.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. The firm had revenue of $557.60 million for the quarter, compared to analysts' expectations of $546.93 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. Sell-side analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were paid a $0.23 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.48%. Crane's dividend payout ratio (DPR) is presently 15.94%.

Insider Activity

In other Crane news, SVP Jason D. Feldman sold 1,300 shares of Crane stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total value of $230,230.00. Following the completion of the transaction, the senior vice president owned 9,796 shares of the company's stock, valued at $1,734,871.60. The trade was a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.12% of the company's stock.

Crane Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Crane (NYSE:CR)

Should You Invest $1,000 in Crane Right Now?

Before you consider Crane, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crane wasn't on the list.

While Crane currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines