James L. Tullis Sells 614 Shares of Crane (NYSE:CR) Stock

Crane (NYSE:CR) Director James L. Tullis sold 614 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the transaction, the director owned 5,421 shares of the company’s stock, valued at approximately $1,219,725. This represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Crane Price Performance

NYSE CR traded down $0.28 on Friday, hitting $218.76. 290,022 shares of the company’s stock were exchanged, compared to its average volume of 500,431. The stock has a 50-day moving average of $215.69 and a 200-day moving average of $195.81. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.69 and a beta of 1.03. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. 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) 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 return on equity of 18.67% and a net margin of 12.97%.The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $708.46 million. During the same quarter last year, the company posted $1.49 EPS. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Analysts expect that Crane will post 6.96 earnings per share for the current year.

Crane Dividend Announcement

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

Institutional Trading of Crane

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Crane by 289,020.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after buying an additional 7,852,692 shares during the period. Capital World Investors boosted its position in Crane by 1.7% during the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after buying an additional 48,679 shares during the period. Norges Bank acquired a new stake in Crane during the 4th quarter worth approximately $198,509,000. Geode Capital Management LLC grew its holdings in Crane by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Crane by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock worth $144,622,000 after acquiring an additional 3,678 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CR. DA Davidson increased their target price on shares of Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets initiated coverage on shares of Crane in a research report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $236.33.

About Crane

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.