48,285 Shares in Crane $CR Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of Crane (NYSE:CR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,285 shares of the conglomerate’s stock, valued at approximately $10,771,000. Squarepoint Ops LLC owned approximately 0.08% of Crane at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System increased its stake in shares of Crane by 21,021.6% during the second quarter. California State Teachers Retirement System now owns 12,301,418 shares of the conglomerate’s stock valued at $2,744,077,000 after purchasing an additional 12,243,177 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Crane by 289,020.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after buying an additional 7,852,692 shares in the last quarter. Capital World Investors raised its stake in Crane by 1.7% during the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock valued at $552,022,000 after buying an additional 48,679 shares during the last quarter. Norges Bank purchased a new position in Crane during the fourth quarter valued at $198,509,000. Finally, Geode Capital Management LLC boosted its holdings in Crane by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

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

Crane Trading Down 0.4%

Crane stock opened at $201.94 on Thursday. Crane has a one year low of $159.58 and a one year high of $230.50. The business’s fifty day moving average is $214.48 and its 200 day moving average is $197.50. The stock has a market capitalization of $11.67 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84.

Crane (NYSE:CR) last issued its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping 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 analyst estimates of $708.46 million. During the same quarter in the previous year, the firm earned $1.49 EPS. Crane’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. On average, sell-side analysts predict that Crane will post 6.99 EPS for the current year.

Crane Announces Dividend

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

Insider Buying and Selling

In other news, Director James Tullis sold 400 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $205.38, for a total transaction of $82,152.00. Following the transaction, the director directly owned 5,021 shares of the company’s stock, valued at $1,031,212.98. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.