Analysts Set Crane (NYSE:CR) Price Target at $224.00

Shares of Crane (NYSE:CR) have been given an average recommendation of “Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $224.00.

Several analysts have issued reports on CR shares. CJS Securities raised Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Stifel Nicolaus boosted their price target on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wolfe Research set a $215.00 price objective on Crane and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price objective on shares of Crane in a report on Thursday, January 29th.

Insider Transactions at Crane

In other news, CEO Max H. Mitchell purchased 1,000 shares of the company’s stock in a transaction on Friday, January 30th. The stock was acquired at an average price of $183.71 per share, with a total value of $183,710.00. Following the transaction, the chief executive officer directly owned 410,667 shares of the company’s stock, valued at approximately $75,443,634.57. This represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason D. Feldman sold 2,693 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.95, for a total transaction of $543,851.35. Following the completion of the transaction, the senior vice president owned 10,639 shares in the company, valued at $2,148,546.05. The trade was a 20.20% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 5,464 shares of company stock valued at $987,470. 2.12% of the stock is currently owned by insiders.

Institutional Trading of Crane

Several large investors have recently modified their holdings of CR. Northwestern Mutual Wealth Management Co. raised its position in Crane by 289,020.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after purchasing an additional 7,852,692 shares during the last quarter. Capital World Investors raised its holdings in shares of Crane by 1.7% during the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock valued at $552,022,000 after acquiring an additional 48,679 shares in the last quarter. Norges Bank purchased a new stake in Crane in the fourth quarter worth $198,509,000. Geode Capital Management LLC boosted its holdings in Crane by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock valued at $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Crane by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 842,283 shares of the conglomerate’s stock valued at $155,354,000 after purchasing an additional 23,279 shares during the period. 75.14% of the stock is owned by institutional investors.

Crane Price Performance

CR stock opened at $200.57 on Thursday. The firm has a 50 day simple moving average of $194.57 and a two-hundred day simple moving average of $189.00. The stock has a market cap of $11.55 billion, a PE ratio of 26.56, a P/E/G ratio of 1.93 and a beta of 1.24. Crane has a one year low of $127.04 and a one year high of $214.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

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

Crane Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 27th will be given a $0.255 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Crane’s previous quarterly dividend of $0.23. This represents a $1.02 annualized dividend and a yield of 0.5%. Crane’s dividend payout ratio is presently 16.32%.

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.