Crane (NYSE:CR) Shares Down 7.6% – Here’s What Happened

Crane (NYSE:CR) traded down 7.6% during trading on Wednesday . The company traded as low as $211.54 and last traded at $209.0480. Approximately 96,935 shares were traded during mid-day trading, a decline of 81% from the average session volume of 503,736 shares. The stock had previously closed at $226.34.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CR. Stifel Nicolaus raised their target price on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. 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 lifted their price objective on Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets started coverage on Crane in a research note on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price on the stock. Finally, Weiss Ratings cut Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $236.33.

Crane Stock Performance

The company has a market capitalization of $12.42 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The stock’s fifty day simple moving average is $208.21 and its 200-day simple moving average is $194.81.

Crane (NYSE:CR) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 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 the consensus estimate of $708.46 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, equities analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

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

Institutional Investors Weigh In On Crane

Several hedge funds have recently made changes to their positions in the business. Asset Advisory Group Inc. purchased a new position in Crane during the second quarter worth about $205,000. Pacer Advisors Inc. grew its holdings in Crane by 2.5% in the 1st quarter. Pacer Advisors Inc. now owns 7,450 shares of the conglomerate’s stock valued at $1,274,000 after buying an additional 180 shares during the period. Janus Henderson Group PLC grew its holdings in Crane by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after buying an additional 71,086 shares during the period. Bull Harbor Capital LLC acquired a new position in shares of Crane during the 1st quarter valued at about $269,000. Finally, Amundi increased its stake in shares of Crane by 43.0% during the 1st quarter. Amundi now owns 40,624 shares of the conglomerate’s stock valued at $6,947,000 after acquiring an additional 12,217 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.