Strs Ohio Sells 6,001 Shares of Crane $CR

Strs Ohio cut its holdings in Crane (NYSE:CR) by 12.2% in the first quarter, HoldingsChannel reports. The firm owned 43,277 shares of the conglomerate’s stock after selling 6,001 shares during the quarter. Strs Ohio’s holdings in Crane were worth $7,400,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CR. Northwestern Mutual Wealth Management Co. raised its stake in Crane by 289,020.7% during 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 purchasing an additional 7,852,692 shares in the last quarter. Capital World Investors increased its holdings in shares of Crane by 1.7% in 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 last quarter. Norges Bank bought a new stake in shares of Crane in the 4th quarter worth about $198,509,000. Geode Capital Management LLC raised its position in shares of Crane by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock valued at $169,282,000 after buying an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crane by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 842,283 shares of the conglomerate’s stock valued at $155,354,000 after acquiring an additional 23,279 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Crane Trading Up 0.1%

Shares of NYSE CR opened at $217.81 on Monday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.93 and a beta of 1.00. The business’s 50 day moving average price is $192.69 and its 200-day moving average price is $190.94.

Crane (NYSE:CR) last released its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $696.40 million for the quarter, compared to analyst estimates of $672.74 million. During the same quarter last year, the firm posted $1.39 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, sell-side analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane’s dividend payout ratio (DPR) is currently 18.35%.

Insider Buying and Selling

In related news, Director Susan D. Lynch acquired 150 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the acquisition, the director directly owned 370 shares of the company’s stock, valued at $65,630.60. This represents a 68.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CR. Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Crane in a research note on Monday, June 1st. Finally, Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Crane presently has an average rating of “Buy” and an average target price of $226.33.

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.