Brokerages Set Crane (NYSE:CR) Target Price at $223.83

Crane (NYSE:CR) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $226.3333.

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Crane from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Friday, March 27th. Stifel Nicolaus upgraded Crane from a “hold” rating to a “buy” rating and increased their price target for the company from $200.00 to $215.00 in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price target on shares of Crane in a research report on Thursday, January 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Crane in a research report on Tuesday, April 28th.

Insiders Place Their Bets

In related news, SVP Jason D. Feldman sold 2,693 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.95, for a total value of $543,851.35. Following the completion of the sale, the senior vice president directly owned 10,639 shares of the company’s stock, valued at approximately $2,148,546.05. This represents a 20.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan D. Lynch acquired 150 shares of Crane stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the completion of the purchase, the director owned 370 shares in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Crane

Hedge funds have recently bought and sold shares of the business. EFG Asset Management North America Corp. purchased a new stake in Crane in the 3rd quarter worth about $1,651,000. Tudor Investment Corp ET AL lifted its stake in Crane by 314.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate’s stock worth $13,774,000 after acquiring an additional 56,768 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Crane by 8.2% during the 3rd quarter. Principal Financial Group Inc. now owns 489,810 shares of the conglomerate’s stock worth $90,196,000 after purchasing an additional 37,026 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Crane by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 183,787 shares of the conglomerate’s stock worth $33,843,000 after purchasing an additional 56,324 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Crane by 23.0% during the 3rd quarter. Citigroup Inc. now owns 33,480 shares of the conglomerate’s stock worth $6,165,000 after purchasing an additional 6,258 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Trading Down 0.8%

Shares of CR stock opened at $170.84 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $214.31. The stock has a market capitalization of $9.85 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.93 and a beta of 1.15. The stock has a 50-day simple moving average of $183.93 and a 200 day simple moving average of $188.40.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.21. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. During the same quarter last year, the company posted $1.39 EPS. Crane’s revenue for the quarter was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, sell-side analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be given a $0.255 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. Crane’s dividend payout ratio (DPR) is 18.35%.

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.