Crane (NYSE:CR – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.
A number of other research firms have also recently weighed in on CR. Weiss Ratings cut Crane from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. DA Davidson set a $255.00 price target on Crane in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft set a $240.00 price target on Crane in a report on Tuesday, September 1st. BMO Capital Markets began coverage on Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Crane from $242.00 to $247.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, Crane presently has an average rating of “Strong Buy” and an average price target of $242.00.
Read Our Latest Research Report on CR
Crane Stock Performance
CR stock opened at $198.27 on Wednesday. Crane has a one year low of $159.58 and a one year high of $230.50. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.71 and a current ratio of 2.61. The firm has a 50-day simple moving average of $202.16 and a two-hundred day simple moving average of $198.29.
Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The conglomerate reported $2.05 EPS for the quarter, topping the consensus estimate of $1.82 by $0.23. Crane had a net margin of 12.41% and a return on equity of 19.17%. The firm had revenue of $756.70 million during the quarter, compared to analyst estimates of $737.08 million. During the same quarter in the previous year, the business posted $1.64 EPS. Crane’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts forecast that Crane will post 7.34 EPS for the current fiscal year.
Insider Buying and Selling
In other Crane news, Director James Tullis sold 400 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $205.38, for a total transaction of $82,152.00. Following the sale, the director directly owned 5,021 shares of the company’s stock, valued at approximately $1,031,212.98. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.12% of the company’s stock.
Hedge Funds Weigh In On Crane
Several institutional investors have recently made changes to their positions in the company. Maven Securities LTD acquired a new position in shares of Crane during the 2nd quarter worth about $3,229,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Crane in the second quarter valued at about $3,496,000. Madison Asset Management LLC acquired a new position in Crane in the second quarter valued at approximately $4,063,000. Squarepoint Ops LLC acquired a new position in Crane in the second quarter valued at approximately $10,771,000. Finally, Venture Visionary Partners LLC grew its position in Crane by 11.2% in the third quarter. Venture Visionary Partners LLC now owns 70,314 shares of the conglomerate’s stock worth $14,346,000 after acquiring an additional 7,098 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.
More Crane News
Here are the key news stories impacting Crane this week:
- Positive Sentiment: Bank of America cited strong third-quarter execution and an improved 2026 outlook in maintaining its positive view of Crane, with a $250 price target. Crane’s Strong Q3 Execution and Improved 2026 Outlook Support Buy Rating
- Positive Sentiment: Zacks added CR to its Rank #1 (Strong Buy) momentum list, a favorable signal for investors following analyst revisions and price momentum. Best Momentum Stocks to Buy for November 5th
- Positive Sentiment: Zacks also highlighted Crane among stocks that could benefit from manufacturing activity reaching a three-month high, and as a potential cyclical-stock pick. These are broader investment themes, not company-specific announcements. Stocks to Grab as Manufacturing Activity Hits a Three-Month High Cyclical Stocks: Five Picks
- Neutral Sentiment: Several headlines concern Crane NXT (NYSE: CXT), a separate company; its earnings-call coverage and analyst rating do not directly apply to Crane (CR).
Crane Company Profile
Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.
Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.
See Also
- Five stocks we like better than Crane
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.
