Crane (NYSE:CR) Receives Average Rating of “Buy” from Brokerages

Crane (NYSE:CR) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $239.00.

Several analysts have recently weighed in on CR shares. Weiss Ratings upgraded Crane from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. DA Davidson reaffirmed a “buy” rating and set a $245.00 price target on shares of Crane in a research note on Tuesday, September 15th. Stifel Nicolaus increased their price objective on Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $240.00 target price on shares of Crane in a research report on Tuesday, September 1st. Finally, BMO Capital Markets initiated coverage on Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective for the company.

Insider Activity

In other news, Director James Tullis sold 614 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the transaction, the director directly owned 5,421 shares in the company, valued at $1,219,725. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.12% of the stock is currently owned by insiders.

Institutional Trading of Crane

A number of hedge funds have recently modified their holdings of the stock. Capital World Investors grew its holdings in Crane by 1.7% in the fourth quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock valued at $552,022,000 after purchasing an additional 48,679 shares during the period. Norges Bank purchased a new position in shares of Crane during the 4th quarter valued at approximately $198,509,000. Geode Capital Management LLC grew its stake in Crane by 4.0% in the 4th 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 during the period. Dimensional Fund Advisors LP increased its holdings in Crane by 0.4% in the 1st 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 in the last quarter. Finally, Janus Henderson Group PLC raised its position in Crane by 24.5% during the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock worth $61,777,000 after acquiring an additional 71,086 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Price Performance

Shares of NYSE:CR opened at $204.31 on Friday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.41 and a beta of 1.01. The firm has a fifty day moving average price of $210.53 and a 200 day moving average price of $197.38. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $230.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.84 and a current ratio of 2.80.

Crane (NYSE:CR) last posted its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, sell-side analysts expect that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were paid a dividend of $0.2550 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 31st. Crane’s payout ratio is presently 17.83%.

Crane Company Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, process industries, and payment and merchandising applications. Its offerings are used in demanding operating environments where reliability, safety, and specialized performance are important.

The company operates through businesses focused on aerospace and electronics, process flow technologies, and payment and merchandising technologies. Its products include aerospace components and systems, engineered valves and pumps, fluid-handling equipment, payment acceptance and vending solutions, and related technologies used by commercial, industrial, and infrastructure customers.

Crane traces its origins to 1855, when Richard Teller Crane established the company in Chicago.