DA Davidson Reaffirms “Buy” Rating for Crane (NYSE:CR)

Crane (NYSE:CR)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $245.00 target price on the conglomerate’s stock. DA Davidson’s price objective points to a potential upside of 23.27% from the company’s previous close.

Several other research firms also recently weighed in on CR. Weiss Ratings raised Crane from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on Crane in a research report on Tuesday, September 1st. Stifel Nicolaus increased their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets started coverage on shares of Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $239.00.

Crane Stock Performance

Shares of CR opened at $198.75 on Tuesday. The company has a 50-day moving average of $213.36 and a two-hundred day moving average of $197.44. The stock has a market cap of $11.49 billion, a P/E ratio of 35.02, a PEG ratio of 2.40 and a beta of 1.01. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.

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

Insider Buying and Selling

In other Crane news, Director James Tullis sold 614 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the transaction, the director owned 5,421 shares in the company, valued at $1,219,725. The trade was 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 this hyperlink. 2.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crane

A number of large investors have recently modified their holdings of CR. California State Teachers Retirement System lifted its position in Crane by 21,021.6% during the 2nd quarter. California State Teachers Retirement System now owns 12,301,418 shares of the conglomerate’s stock worth $2,744,077,000 after acquiring an additional 12,243,177 shares in the last quarter. Capital World Investors raised its stake 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 purchasing an additional 48,679 shares during the period. Norges Bank purchased a new stake in shares of Crane during the fourth quarter valued at approximately $198,509,000. Geode Capital Management LLC lifted its position in shares of Crane by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after purchasing an additional 35,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Crane by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock valued at $144,622,000 after purchasing an additional 3,678 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

More Crane News

Here are the key news stories impacting Crane this week:

• Positive Sentiment: Crane agreed to acquire Trillium’s U.S. pump business, which supplies highly engineered equipment primarily to municipal water and wastewater customers. The transaction broadens Crane’s presence in a potentially durable infrastructure market and complements its existing industrial portfolio. Crane Company Announces Agreement to Acquire U.S. Water Pump Business
• Positive Sentiment: The acquisition provides exposure to municipal end markets that may benefit from ongoing water-system investment. Management’s willingness to deploy capital may also signal confidence in the target’s strategic fit and future cash flows. Trillium Announces Sale of Pumps US to Crane
• Neutral Sentiment: Crane is paying about 14.6 times the business’s relevant financial measure, making the valuation a key issue for investors. The deal’s effect on earnings, synergies, financing and closing timing were not detailed in the provided reports. Crane Stock May Be Near Fair Value After Pump Deal
• Negative Sentiment: The purchase adds execution and integration risk at a time when Crane’s shares already trade at a relatively elevated trailing P/E of about 34.9. Investors may therefore expect the acquired business to deliver meaningful growth and returns to justify the price.

About Crane

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.