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

Shares of Crane (NYSE:CR) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $239.00.

CR has been the subject of several recent research reports. Stifel Nicolaus raised their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. DA Davidson reissued a “buy” rating and set a $245.00 target price on shares of Crane in a research note on Tuesday, September 15th. BMO Capital Markets assumed coverage on Crane in a research report on Monday, July 20th. They issued an “outperform” rating and a $253.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on Crane in a research report on Tuesday, September 1st. Finally, Weiss Ratings upgraded shares of Crane from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th.

Crane Stock Down 0.0%

CR stock opened at $204.31 on Friday. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.41 and a beta of 1.01. The firm has a 50-day moving average of $210.53 and a two-hundred day moving average of $197.38. 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 announced its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Crane’s quarterly 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, analysts forecast that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

Insider Buying and Selling at Crane

In other Crane news, Director James Tullis sold 400 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $205.38, for a total value of $82,152.00. Following the completion of the sale, the director owned 5,021 shares in the company, valued at approximately $1,031,212.98. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CR. Capital World Investors boosted its holdings in shares of 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 acquiring an additional 48,679 shares in the last quarter. Norges Bank purchased a new position in shares of Crane during the 4th quarter worth approximately $198,509,000. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 35,441 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Crane by 0.4% during 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 period. Finally, Janus Henderson Group PLC lifted its holdings in Crane by 24.5% in the first quarter. Janus Henderson Group PLC now owns 361,270 shares of the conglomerate’s stock valued at $61,777,000 after acquiring an additional 71,086 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.