Teacher Retirement System of Texas Reduces Position in Crane $CR

Teacher Retirement System of Texas trimmed its position in Crane (NYSE:CR) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,069 shares of the conglomerate’s stock after selling 23,324 shares during the period. Teacher Retirement System of Texas owned 0.15% of Crane worth $15,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Crane during the 2nd quarter valued at about $190,533,000. Geode Capital Management LLC boosted its position in Crane by 0.6% in the second quarter. Geode Capital Management LLC now owns 864,230 shares of the conglomerate’s stock valued at $164,135,000 after buying an additional 4,744 shares during the last quarter. Select Equity Group L.P. boosted its position in Crane by 1.1% in the second quarter. Select Equity Group L.P. now owns 736,943 shares of the conglomerate’s stock valued at $139,938,000 after buying an additional 8,151 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Crane by 23.6% in the 1st 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 during the period. Finally, American Century Companies Inc. raised its position in Crane by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 326,133 shares of the conglomerate’s stock worth $61,929,000 after buying an additional 14,324 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Price Performance

NYSE:CR opened at $204.51 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 52 week low of $127.04 and a 52 week high of $214.31. The stock’s 50-day moving average price is $190.51 and its 200-day moving average price is $188.51. The stock has a market capitalization of $11.78 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $589.20 million for the quarter, compared to the consensus estimate of $578.54 million. During the same quarter in the prior year, the business posted $1.38 earnings per share. Crane’s revenue for the quarter was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. As a group, equities analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a yield of 0.4%. Crane’s dividend payout ratio (DPR) is currently 14.74%.

Analyst Ratings Changes

Several research firms have recently commented on CR. Stifel Nicolaus upped their price objective on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a report on Friday. Wolfe Research set a $215.00 price target on Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. CJS Securities upgraded Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Finally, DA Davidson set a $235.00 price target on Crane in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Crane has a consensus rating of “Buy” and a consensus target price of $222.00.

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.