New York State Teachers Retirement System Has $10.28 Million Holdings in Crane (NYSE:CR)

New York State Teachers Retirement System cut its position in Crane (NYSE:CR) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,924 shares of the conglomerate’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned 0.11% of Crane worth $10,276,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CR. Griffin Asset Management Inc. increased its stake in Crane by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock valued at $5,388,000 after purchasing an additional 90 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Crane by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,649 shares of the conglomerate’s stock valued at $529,000 after acquiring an additional 94 shares during the period. UMB Bank n.a. grew its position in shares of Crane by 81.8% in the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 99 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Crane by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,176,000 after acquiring an additional 104 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Crane by 29.9% in the 2nd quarter. Blue Trust Inc. now owns 487 shares of the conglomerate’s stock valued at $66,000 after acquiring an additional 112 shares during the period. 75.14% of the stock is owned by institutional investors.

Crane Price Performance

CR stock opened at $157.47 on Monday. Crane has a 12 month low of $98.06 and a 12 month high of $163.48. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.01 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.93 and a beta of 0.81. The company’s 50-day moving average price is $154.75 and its two-hundred day moving average price is $148.91.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. On average, analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.52%. Crane’s payout ratio is presently 18.06%.

Analysts Set New Price Targets

CR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus raised their target price on shares of Crane from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.33.

Crane Company Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.