Squarepoint Ops LLC Takes $10.77 Million Position in Crane $CR

Squarepoint Ops LLC acquired a new position in Crane (NYSE:CR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,285 shares of the conglomerate’s stock, valued at approximately $10,771,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System grew its position in 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 buying an additional 12,243,177 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $1,448,773,000 after acquiring an additional 7,852,692 shares during the last quarter. Norges Bank bought a new stake in shares of Crane during the 4th quarter valued at $198,509,000. Freestone Grove Partners LP bought a new stake in shares of Crane during the 4th quarter valued at $76,171,000. Finally, AQR Capital Management LLC increased its stake in shares of Crane by 85.6% in the 4th quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate’s stock worth $147,519,000 after purchasing an additional 368,816 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, Director James Tullis sold 400 shares of Crane stock in a transaction that occurred 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 sale, the director owned 5,021 shares of the company’s stock, valued at approximately $1,031,212.98. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.12% of the company’s stock.

Crane Stock Down 0.4%

CR opened at $201.94 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.84 and a current ratio of 2.80. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $230.50. The firm’s fifty day moving average is $214.48 and its 200 day moving average is $197.50. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.41 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.11. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.Crane’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, sell-side analysts forecast that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

Analyst Ratings Changes

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

Crane Company 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.