Crane (NYSE:CR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Crane (NYSE:CR) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other research firms have also commented on CR. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Crane in a research report on Tuesday, April 28th. Weiss Ratings lowered shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $238.00 price target on shares of Crane in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $226.33.

Crane Stock Down 0.5%

CR opened at $180.79 on Friday. The company has a fifty day moving average price of $182.55 and a 200-day moving average price of $188.35. The firm has a market capitalization of $10.44 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a one year low of $159.58 and a one year high of $214.31.

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

Crane Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.6%. Crane’s payout ratio is 18.35%.

Insider Buying and Selling at Crane

In related news, SVP Jason D. Feldman sold 2,693 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $201.95, for a total value of $543,851.35. Following the completion of the transaction, the senior vice president directly owned 10,639 shares in the company, valued at approximately $2,148,546.05. The trade was a 20.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $177.38 per share, with a total value of $26,607.00. Following the completion of the transaction, the director directly owned 370 shares of the company’s stock, valued at $65,630.60. This represents a 68.18% increase in their position. The SEC filing for this purchase provides additional information. 2.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CR. First Horizon Corp bought a new stake in Crane in the third quarter worth $26,000. TD Capital Management LLC bought a new stake in Crane in the fourth quarter worth $27,000. Headlands Technologies LLC bought a new stake in Crane in the second quarter worth $29,000. Assetmark Inc. lifted its stake in Crane by 57.9% in the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Crane in the fourth quarter worth $33,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Crane Company Profile

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.