Crane (NYSE:CR – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $216.98 and last traded at $213.22, with a volume of 579517 shares traded. The stock had previously closed at $215.13.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of Crane from a “hold” rating to a “buy” rating and boosted their price target for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Wall Street Zen downgraded Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Crane in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $226.33.
View Our Latest Stock Report on CR
Crane Stock Performance
Crane (NYSE:CR – Get Free Report) last issued its earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.21. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $672.74 million. During the same period in the previous year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, equities research analysts expect that Crane will post 7.87 earnings per share for the current year.
Crane Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is 18.35%.
Insiders Place Their Bets
In related news, Director Susan D. Lynch acquired 150 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the transaction, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.12% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Crane by 289,020.7% in 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 buying an additional 7,852,692 shares during the last quarter. Norges Bank bought a new position in Crane in the 4th quarter worth $198,509,000. Freestone Grove Partners LP purchased a new stake in shares of Crane during the fourth quarter worth about $76,171,000. AQR Capital Management LLC grew its holdings in Crane by 85.6% during the 4th quarter. AQR Capital Management LLC now owns 799,864 shares of the conglomerate’s stock valued at $147,519,000 after buying an additional 368,816 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Crane by 4,412.6% during the fourth quarter. Federated Hermes Inc. now owns 240,836 shares of the conglomerate’s stock valued at $44,417,000 after acquiring an additional 235,499 shares in the last quarter. 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.
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