Crane (NYSE:CR) Sets New 12-Month High – Here’s Why

Shares of Crane (NYSE:CR) hit a new 52-week high during trading on Thursday . The company traded as high as $214.61 and last traded at $214.3450, with a volume of 109161 shares traded. The stock had previously closed at $209.15.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price target on shares of Crane in a research report on Monday, June 1st. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and upped their price objective for the company from $200.00 to $215.00 in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two research 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 stock has an average rating of “Buy” and an average target price of $226.33.

Crane Price Performance

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 company has a market cap of $12.44 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.93 and a beta of 1.12. The stock’s 50-day simple moving average is $186.79 and its 200 day simple moving average is $188.73.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. The business had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $672.74 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane’s payout ratio is currently 18.35%.

Insider Transactions at Crane

In other Crane news, Director Susan D. Lynch purchased 150 shares of Crane stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director owned 370 shares of the company’s stock, valued at $65,630.60. This trade represents a 68.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crane

Several large investors have recently added to or reduced their stakes in CR. InTrack Investment Management Inc increased its position in Crane by 3.2% during the 4th quarter. InTrack Investment Management Inc now owns 1,607 shares of the conglomerate’s stock worth $296,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC lifted its position in Crane by 5.2% during the fourth quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock valued at $215,000 after buying an additional 58 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Crane by 0.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock valued at $3,098,000 after buying an additional 65 shares in the last quarter. Assetmark Inc. grew its stake in Crane by 57.9% during the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after buying an additional 66 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in Crane by 5.1% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,542 shares of the conglomerate’s stock worth $284,000 after buying an additional 75 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.