Crane (NYSE:CR) Director James L Tullis Sells 614 Shares

Crane (NYSE:CR) Director James L. Tullis sold 614 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director owned 5,421 shares in the company, valued at approximately $1,219,725. This trade represents a 10.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Crane Stock Performance

CR stock traded down $0.28 during mid-day trading on Friday, hitting $218.76. 290,022 shares of the company were exchanged, compared to its average volume of 500,431. Crane has a 1-year low of $159.58 and a 1-year high of $230.50. The stock has a market capitalization of $12.64 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. The business has a 50 day simple moving average of $215.69 and a 200-day simple moving average of $195.81. 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 posted its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million for the quarter, compared to the consensus estimate of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, equities analysts forecast that Crane will post 6.96 earnings per share for the current year.

Crane Dividend Announcement

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

Wall Street Analyst Weigh In

CR has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. BMO Capital Markets started coverage on shares of Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane in a research note on Friday, July 31st. DA Davidson boosted their price objective on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $236.33.

Institutional Trading of Crane

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Crane by 27.4% in the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after purchasing an additional 4,749 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Crane by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock worth $67,524,000 after buying an additional 84,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Crane by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock valued at $20,951,000 after buying an additional 4,217 shares during the period. Focus Partners Wealth increased its holdings in Crane by 17.0% in the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after buying an additional 246 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in shares of Crane in the 2nd quarter valued at approximately $207,000. 75.14% of the stock is owned by institutional investors and hedge funds.

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.