Crane (NYSE:CR – Get Free Report) Director James L. Tullis sold 614 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the sale, the director directly owned 5,421 shares in the company, valued at approximately $1,219,725. This represents a 10.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Crane Stock Performance
Shares of CR opened at $218.76 on Monday. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.63 and a beta of 1.03. Crane has a 12 month low of $159.58 and a 12 month high of $230.50. The firm has a fifty day simple moving average of $216.29 and a 200 day simple moving average of $195.87. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.
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 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 period in the previous year, the business earned $1.49 EPS. The company’s revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts forecast that Crane will post 6.96 EPS for the current fiscal year.
Crane Dividend Announcement
Analyst Upgrades and Downgrades
Several research firms have issued reports on CR. DA Davidson upped their price target on shares of Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Crane from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus lifted their price target on Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets began coverage on Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $236.33.
View Our Latest Stock Analysis on Crane
Hedge Funds Weigh In On Crane
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CR. Northwestern Mutual Wealth Management Co. raised its stake in Crane by 289,020.7% in 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 purchasing an additional 7,852,692 shares in the last quarter. Norges Bank acquired a new position in shares of Crane during the 4th quarter worth approximately $198,509,000. Freestone Grove Partners LP bought a new position in shares of Crane during the fourth quarter worth approximately $76,171,000. AQR Capital Management LLC raised its position 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 valued at $147,519,000 after buying an additional 368,816 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Crane by 4,412.6% in the fourth quarter. Federated Hermes Inc. now owns 240,836 shares of the conglomerate’s stock valued at $44,417,000 after buying an additional 235,499 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
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.
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