Shares of Crane (NYSE:CR – Get Free Report) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $238.60.
CR has been the subject of a number of research reports. BMO Capital Markets began coverage on shares of Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. DA Davidson increased their target price on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus boosted their price target on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.
Get Our Latest Stock Report on CR
Crane Stock Up 0.0%
Crane (NYSE:CR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. Crane had a net margin of 12.97% and a return on equity of 18.67%. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Analysts predict that Crane will post 6.96 earnings per share for the current fiscal year.
Crane Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s dividend payout ratio is presently 17.83%.
Insider Activity at Crane
In related news, Director James L. L Tullis sold 614 shares of Crane stock in a transaction on Thursday, August 13th. The shares were 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 approximately $1,219,725. The trade was a 10.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by insiders.
Institutional Investors Weigh In On Crane
A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Capital Management LLC purchased a new stake in shares of Crane during the fourth quarter worth about $27,000. Headlands Technologies LLC purchased a new position in Crane in the 2nd quarter worth approximately $29,000. Kelleher Financial Advisors purchased a new position in Crane in the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. bought a new position in Crane in the 1st quarter worth approximately $34,000. Finally, IFP Advisors Inc grew its holdings in Crane by 193.7% during the 4th quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock valued at $43,000 after buying an additional 153 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
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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