Crane (NYSE:CR) Receives $224.00 Consensus Target Price from Brokerages

Crane (NYSE:CR) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $224.00.

A number of research firms have recently issued reports on CR. CJS Securities upgraded Crane to a “strong-buy” rating in a report on Thursday, December 11th. Stifel Nicolaus lifted their price target on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 price target on shares of Crane in a research report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Crane from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Buying and Selling at Crane

In other Crane news, CEO Max H. Mitchell bought 1,000 shares of Crane stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of $183.71 per share, for a total transaction of $183,710.00. Following the completion of the purchase, the chief executive officer directly owned 410,667 shares of the company’s stock, valued at $75,443,634.57. The trade was a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Pollino bought 1,500 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average cost of $184.29 per share, with a total value of $276,435.00. Following the completion of the transaction, the director directly owned 1,500 shares of the company’s stock, valued at approximately $276,435. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 5,464 shares of company stock worth $987,470 over the last quarter. Insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Crane

Large investors have recently bought and sold shares of the business. First Horizon Corp bought a new stake in shares of Crane during the 3rd quarter worth about $26,000. TD Capital Management LLC acquired a new stake in Crane in the 4th quarter worth approximately $27,000. Headlands Technologies LLC acquired a new stake in Crane in the 2nd quarter worth approximately $29,000. Assetmark Inc. boosted its position in Crane by 57.9% during the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Crane during the fourth quarter valued at approximately $33,000. 75.14% of the stock is currently owned by institutional investors.

Crane Price Performance

Shares of NYSE CR opened at $171.42 on Monday. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.93 and a beta of 1.18. The firm has a 50-day moving average of $197.58 and a two-hundred day moving average of $189.41.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.10. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.23. This represents a $1.02 dividend on an annualized basis and a yield of 0.6%. Crane’s payout ratio is 16.32%.

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.