James L. Tullis Sells 400 Shares of Crane (NYSE:CR) Stock

Crane (NYSE:CR) Director James L. Tullis sold 400 shares of Crane stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $205.38, for a total transaction of $82,152.00. Following the transaction, the director directly owned 5,021 shares in the company, valued at $1,031,212.98. This represents a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Crane Stock Performance

Shares of NYSE CR opened at $202.34 on Friday. The firm has a fifty day moving average price of $215.87 and a 200-day moving average price of $197.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84. The stock has a market cap of $11.70 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.37 and a beta of 1.01. Crane has a 1 year low of $159.58 and a 1 year high of $230.50.

Crane (NYSE:CR) last released its 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. The company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. Crane’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities analysts anticipate that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

Institutional Investors Weigh In On Crane

A number of hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Crane during the 2nd quarter valued at approximately $2,565,000. California State Teachers Retirement System boosted its position in shares of Crane by 21,021.6% during the 2nd quarter. California State Teachers Retirement System now owns 12,301,418 shares of the conglomerate’s stock valued at $2,744,077,000 after acquiring an additional 12,243,177 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Crane by 8.4% in the second quarter. Wedmont Private Capital now owns 1,450 shares of the conglomerate’s stock valued at $318,000 after purchasing an additional 112 shares in the last quarter. HB Wealth Management LLC grew its holdings 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 in the last quarter. Finally, Azimuth Capital Investment Management LLC bought a new stake in Crane in the second quarter worth $202,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CR. DA Davidson lifted their target price on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research note on Tuesday. BMO Capital Markets started coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective for the company. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Crane currently has an average rating of “Buy” and an average price target of $239.00.

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.