Crane’s (CR) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Crane (NYSE:CRFree Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $245.00 target price on the conglomerate’s stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Crane from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. BMO Capital Markets started coverage on shares of Crane in a report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $240.00 price target on shares of Crane in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $239.00.

Read Our Latest Report on CR

Crane Trading Up 0.4%

Shares of CR opened at $197.94 on Tuesday. Crane has a twelve month low of $159.58 and a twelve 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. The firm has a market capitalization of $11.44 billion, a P/E ratio of 34.61, a PEG ratio of 2.35 and a beta of 1.01. The firm’s 50-day moving average is $212.18 and its two-hundred day moving average is $197.31.

Crane (NYSE:CRGet Free Report) last posted its quarterly earnings results 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. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts predict that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 31st. Crane’s dividend payout ratio (DPR) is 17.83%.

Insider Transactions at Crane

In related news, Director James Tullis sold 400 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $205.38, for a total transaction of $82,152.00. Following the completion of the sale, the director owned 5,021 shares of the company’s stock, valued at approximately $1,031,212.98. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Capital Management LLC acquired a new position in Crane in the fourth quarter worth about $27,000. GHP Investment Advisors Inc. bought a new position in Crane during the 1st quarter worth approximately $34,000. IFP Advisors Inc grew its position in shares of Crane by 193.7% in the 4th quarter. IFP Advisors Inc now owns 232 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 153 shares in the last quarter. Covestor Ltd grew its position in shares of Crane by 16.1% in the 4th quarter. Covestor Ltd now owns 626 shares of the conglomerate’s stock worth $116,000 after acquiring an additional 87 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Crane in the 4th quarter valued at approximately $122,000. 75.14% of the stock is owned by institutional investors and hedge funds.

More Crane News

Here are the key news stories impacting Crane this week:

  • Positive Sentiment: DA Davidson assigns a Buy rating. The analyst’s positive view could improve investor sentiment and support the stock’s valuation. Crane currently trades at roughly 30 times earnings, making continued earnings execution important. Crane Earns Buy Rating from DA Davidson
  • Positive Sentiment: Crane agreed to acquire Trillium’s U.S. pump business for $240 million. The transaction expands Crane’s presence in pump and fluid-handling markets and could provide additional revenue and operational synergies. Investors will likely focus on the acquired business’s growth, profitability and the deal’s impact on leverage. First Reserve to Sell Trillium U.S. Pump Business to Crane
  • Neutral Sentiment: Several reports about cranes collapsing or falling are unrelated to Crane Co. The incidents in Miami, New Jersey and elsewhere concern construction equipment and do not indicate a product, operating or legal issue involving the publicly traded company. Likewise, the report about Crane Venture Partners and the U.S. Navy’s NSWC Crane facility does not involve Crane Co.

Crane Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Crane (NYSE:CR)

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