15,671 Shares in Crane $CR Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Crane (NYSE:CRFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,671 shares of the conglomerate’s stock, valued at approximately $3,496,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CR. TD Capital Management LLC acquired a new stake in shares of Crane during the 4th quarter valued at about $27,000. Headlands Technologies LLC acquired a new position in Crane in the second quarter worth about $29,000. Kelleher Financial Advisors bought a new position in Crane during the third quarter worth about $33,000. GHP Investment Advisors Inc. bought a new position in Crane during the first quarter worth about $34,000. Finally, IFP Advisors Inc boosted its holdings in Crane by 193.7% during the fourth quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock valued at $43,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Stock Up 0.7%

Shares of CR opened at $204.33 on Friday. The company has a market capitalization of $11.81 billion, a P/E ratio of 35.72, a PEG ratio of 2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84. Crane has a one year low of $159.58 and a one year high of $230.50. The business’s 50 day simple moving average is $215.57 and its 200-day simple moving average is $197.49.

Crane (NYSE:CRGet 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 firm had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $708.46 million. During the same period last year, the firm posted $1.49 EPS. The business’s revenue 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, sell-side analysts predict that Crane will post 6.99 EPS for the current fiscal year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st will be paid a $0.255 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s dividend payout ratio (DPR) is 17.83%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Crane from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. BMO Capital Markets initiated coverage on Crane in a research note on Monday, July 20th. They issued an “outperform” rating and a $253.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $239.00.

Get Our Latest Report on CR

Insider Buying and Selling at Crane

In related news, Director James Tullis sold 400 shares of Crane stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $205.38, for a total value of $82,152.00. Following the completion of the transaction, the director directly owned 5,021 shares of the company’s stock, valued at $1,031,212.98. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.

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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Institutional Ownership by Quarter for Crane (NYSE:CR)

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