Public Employees Retirement System of Ohio Takes $3.50 Million Position in Crane $CR

Public Employees Retirement System of Ohio purchased a new stake in Crane (NYSE:CR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,671 shares of the conglomerate’s stock, valued at approximately $3,496,000.

Several other large investors have also recently bought and sold shares of CR. Royal Bank of Canada boosted its position in Crane by 27.4% in the 1st quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after buying an additional 4,749 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 84,278 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Crane by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock worth $20,951,000 after acquiring an additional 4,217 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Crane by 17.0% during the first quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in shares of Crane during the second quarter valued at $207,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Stock Up 0.7%

NYSE:CR opened at $204.33 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The stock’s fifty day simple moving average is $215.57 and its 200-day simple moving average is $197.49. The firm has a market capitalization of $11.81 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.41 and a beta of 1.01.

Crane (NYSE:CR) last released its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. Crane had a return on equity of 18.67% and a net margin of 12.97%.The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. During the same quarter in the prior year, the company posted $1.49 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Equities research analysts expect that Crane will post 6.99 earnings per share for the current year.

Crane Announces Dividend

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

Analyst Upgrades and Downgrades

CR has been the subject of a number of research reports. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets assumed coverage on shares of Crane in a research report on Monday, July 20th. They set an “outperform” rating and a $253.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. DA Davidson lifted their price target on shares of Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $240.00 price target on shares of Crane in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, Crane has an average rating of “Buy” and an average target price of $239.00.

Insider Buying and Selling

In other Crane news, Director James Tullis sold 400 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $205.38, for a total value of $82,152.00. Following the sale, the director directly owned 5,021 shares in the company, valued at approximately $1,031,212.98. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.

Crane 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.