Crane (NYSE:CR) Receives “Buy” Rating from DA Davidson

Crane (NYSE:CR)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $235.00 price target on the conglomerate’s stock. DA Davidson’s target price points to a potential upside of 31.34% from the company’s current price.

CR has been the topic of a number of other reports. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus increased their price target on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 price objective on shares of Crane in a research report on Thursday. Finally, Wolfe Research set a $215.00 target price on shares of Crane and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crane presently has an average rating of “Buy” and an average target price of $224.00.

Crane Stock Down 1.8%

CR stock traded down $3.35 during trading on Thursday, hitting $178.93. 593,516 shares of the company’s stock traded hands, compared to its average volume of 464,333. The firm has a market capitalization of $10.31 billion, a P/E ratio of 23.71, a PEG ratio of 1.93 and a beta of 1.24. Crane has a 1 year low of $127.04 and a 1 year high of $214.31. 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 business has a fifty day simple moving average of $191.34 and a two-hundred day simple moving average of $188.62.

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

Institutional Investors Weigh In On Crane

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake in Crane by 14.6% during the 4th quarter. Sanctuary Advisors LLC now owns 7,008 shares of the conglomerate’s stock valued at $1,292,000 after purchasing an additional 891 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Crane by 17.0% during the 4th quarter. Advisors Capital Management LLC now owns 1,425 shares of the conglomerate’s stock worth $263,000 after acquiring an additional 207 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Crane by 74.5% in the 4th quarter. Teacher Retirement System of Texas now owns 150,211 shares of the conglomerate’s stock valued at $27,703,000 after buying an additional 64,142 shares during the last quarter. M&T Bank Corp boosted its stake in Crane by 1,021.4% during the 4th quarter. M&T Bank Corp now owns 72,508 shares of the conglomerate’s stock valued at $13,373,000 after purchasing an additional 66,042 shares during the period. Finally, SageGuard Financial Group LLC acquired a new stake in Crane in the 4th quarter worth $1,725,000. 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.