New York State Common Retirement Fund Sells 10,735 Shares of Crane $CR

New York State Common Retirement Fund reduced its position in shares of Crane (NYSE:CR) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,070 shares of the conglomerate’s stock after selling 10,735 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Crane worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in shares of Crane during the third quarter worth $26,000. Headlands Technologies LLC bought a new position in Crane during the second quarter worth about $29,000. Parkside Financial Bank & Trust increased its position in Crane by 63.4% during the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 85 shares during the period. Mather Group LLC. acquired a new stake in Crane in the 3rd quarter worth about $60,000. Finally, Allworth Financial LP boosted its holdings in Crane by 15.4% in the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock valued at $74,000 after purchasing an additional 52 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wolfe Research set a $215.00 target price on shares of Crane and gave the stock an “outperform” rating in a report on Thursday, December 4th. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Crane in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 price objective on shares of Crane in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. Finally, Stifel Nicolaus boosted their price target on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Crane currently has a consensus rating of “Buy” and an average target price of $224.00.

Crane Trading Down 1.1%

Shares of CR opened at $187.78 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a 52-week low of $127.04 and a 52-week high of $214.31. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.93 and a beta of 1.24. The business’s fifty day moving average is $192.02 and its 200-day moving average is $188.53.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 26th. The conglomerate reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.10. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. During the same period last year, the firm posted $1.38 earnings per share. Crane’s revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. Equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 27th will be issued a dividend of $0.255 per share. This is a boost from Crane’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. Crane’s payout ratio is presently 16.32%.

Insider Activity at Crane

In related news, CEO Max H. Mitchell acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of $183.71 per share, with a total value of $183,710.00. Following the purchase, the chief executive officer directly owned 410,667 shares in the company, valued at approximately $75,443,634.57. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan D. Lynch bought 150 shares of the stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $182.22 per share, with a total value of $27,333.00. Following the acquisition, the director owned 220 shares in the company, valued at approximately $40,088.40. This represents a 214.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,464 shares of company stock valued at $987,470 in the last quarter. 2.12% of the stock is owned by company insiders.

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.