Crane (NYSE:CR) Posts Earnings Results, Beats Expectations By $0.10 EPS

Crane (NYSE:CR) released its quarterly earnings results on Monday. The conglomerate reported $1.53 EPS for the quarter, topping the consensus estimate of $1.43 by $0.10, FiscalAI reports. The company had revenue of $581.00 million during the quarter, compared to analyst estimates of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.

Crane Stock Up 2.7%

Crane stock traded up $5.58 during midday trading on Monday, hitting $209.82. 866,913 shares of the company’s stock were exchanged, compared to its average volume of 337,490. 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 company has a market cap of $12.08 billion, a PE ratio of 27.79, a P/E/G ratio of 1.93 and a beta of 1.24. The firm has a 50-day moving average of $190.51 and a two-hundred day moving average of $188.49. Crane has a 12 month low of $127.04 and a 12 month high of $214.31.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CR shares. Stifel Nicolaus boosted their price objective on shares of Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. DA Davidson set a $235.00 target price on Crane in a research report on Thursday, October 30th. CJS Securities upgraded Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 target price on Crane and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two equities 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 stock. Based on data from MarketBeat, Crane has an average rating of “Buy” and an average price target of $222.00.

Hedge Funds Weigh In On Crane

Several institutional investors have recently bought and sold shares of CR. Headlands Technologies LLC purchased a new stake in Crane during the second quarter worth $29,000. Kelleher Financial Advisors purchased a new stake in shares of Crane during the 3rd quarter worth $33,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Crane during the 3rd quarter worth $45,000. Danske Bank A S bought a new stake in Crane during the third quarter valued at about $74,000. Finally, Quarry LP purchased a new position in Crane in the third quarter valued at about $140,000. 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.