Crane’s (CR) “Buy” Rating Reaffirmed at DA Davidson

Crane (NYSE:CR)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $235.00 price target on the conglomerate’s stock. DA Davidson’s price objective indicates a potential upside of 28.84% from the company’s previous close.

A number of other equities analysts have also recently weighed in on CR. Weiss Ratings cut shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and boosted their target price for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment 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 MarketBeat, the company currently has an average rating of “Buy” and an average price target of $226.33.

Crane Trading Down 0.3%

Shares of CR traded down $0.61 during mid-day trading on Monday, reaching $182.39. The stock had a trading volume of 154,174 shares, compared to its average volume of 507,987. 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 has a 52-week low of $159.58 and a 52-week high of $214.31. The business’s fifty day moving average is $178.39 and its 200 day moving average is $186.97. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.93 and a beta of 1.15.

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

Insider Buying and Selling at Crane

In related news, Director Susan D. Lynch acquired 150 shares of the business’s 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. The trade was a 68.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Institutional Trading of Crane

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Crane by 289,020.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock worth $1,448,773,000 after acquiring an additional 7,852,692 shares during the period. Capital World Investors lifted its stake in Crane by 1.7% in the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after acquiring an additional 48,679 shares during the last quarter. Norges Bank purchased a new position in Crane in the fourth quarter worth approximately $198,509,000. Geode Capital Management LLC lifted its stake in Crane by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after acquiring an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crane by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock worth $144,622,000 after acquiring an additional 3,678 shares during the last quarter. Hedge funds and other institutional investors 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.