California State Teachers Retirement System Increases Holdings in Crane $CR

California State Teachers Retirement System grew its position in shares of Crane (NYSE:CR) by 21,021.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,301,418 shares of the conglomerate’s stock after buying an additional 12,243,177 shares during the quarter. California State Teachers Retirement System owned 0.21% of Crane worth $2,744,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Crane by 289,020.7% in the fourth 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 period. Capital World Investors grew its position 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 period. Norges Bank purchased a new stake in Crane during the fourth quarter valued at approximately $198,509,000. Geode Capital Management LLC increased its holdings in Crane by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock valued at $169,282,000 after buying an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Crane by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock worth $144,622,000 after acquiring an additional 3,678 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CR has been the subject of several analyst reports. Stifel Nicolaus upped 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. DA Davidson boosted their price target on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets began coverage on shares of Crane in a report on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on shares of Crane in a research note on Tuesday, September 1st. Finally, Weiss Ratings downgraded shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $239.00.

Insider Buying and Selling at Crane

In related news, Director James Tullis sold 614 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director directly owned 5,421 shares of the company’s stock, valued at approximately $1,219,725. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.

Crane Stock Down 1.7%

Shares of CR opened at $198.06 on Friday. The business’s 50 day moving average is $214.08 and its 200 day moving average is $197.46. The company has a market capitalization of $11.45 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last posted its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $708.46 million. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts expect that Crane will post 6.99 earnings per share for the current fiscal 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 given a dividend of $0.255 per share. The ex-dividend date was Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s dividend payout ratio is currently 17.83%.

Crane Company Profile

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.