VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 11,500 Crane $CR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Crane (NYSE:CR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,500 shares of the conglomerate’s stock, valued at approximately $2,565,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Capital Management LLC bought a new position in Crane during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new position in shares of Crane in the second quarter worth approximately $29,000. Kelleher Financial Advisors bought a new stake in Crane during the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. bought a new stake in Crane in the 1st quarter worth $34,000. Finally, IFP Advisors Inc boosted its holdings in shares of Crane by 193.7% during the fourth quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock worth $43,000 after purchasing an additional 153 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Crane

In other news, Director James Tullis sold 614 shares of the company’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 value of $138,150.00. Following the transaction, the director owned 5,421 shares in the company, 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 SEC, which is accessible through this link. Company insiders own 2.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Crane in a report on Monday, July 20th. They issued an “outperform” rating and a $253.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a research note on Tuesday, September 1st. DA Davidson raised their price objective on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings cut shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $239.00.

Crane Stock Down 1.7%

Shares of NYSE:CR opened at $198.06 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $214.08 and a two-hundred day simple moving average of $197.46. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 2.40 and a beta of 1.01.

Crane (NYSE:CR) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. The firm had revenue of $724.70 million during 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 company’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts anticipate that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Announces Dividend

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

About Crane

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, process industries, and payment and merchandising applications. Its offerings are used in demanding operating environments where reliability, safety, and specialized performance are important.

The company operates through businesses focused on aerospace and electronics, process flow technologies, and payment and merchandising technologies. Its products include aerospace components and systems, engineered valves and pumps, fluid-handling equipment, payment acceptance and vending solutions, and related technologies used by commercial, industrial, and infrastructure customers.

Crane traces its origins to 1855, when Richard Teller Crane established the company in Chicago.