Teacher Retirement System of Texas Cuts Stake in Crane $CR

Teacher Retirement System of Texas cut its stake in Crane (NYSE:CR) by 21.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,069 shares of the conglomerate’s stock after selling 23,324 shares during the quarter. Teacher Retirement System of Texas’ holdings in Crane were worth $15,849,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Horizon Corp acquired a new position in shares of Crane during the third quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Crane during the second quarter worth approximately $29,000. Parkside Financial Bank & Trust raised its stake in Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 85 shares during the last quarter. Mather Group LLC. purchased a new position in Crane in the 3rd quarter valued at $60,000. Finally, Allworth Financial LP boosted its stake in Crane by 15.4% during the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after purchasing an additional 52 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Crane Stock Performance

Crane stock opened at $204.51 on Friday. The firm has a 50 day simple moving average of $190.51 and a 200-day simple moving average of $188.51. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a 1-year low of $127.04 and a 1-year high of $214.31.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, beating the consensus estimate of $1.46 by $0.18. The firm had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. On average, analysts expect that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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

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.