Crane (NYSE:CR) Price Target Raised to $201.00 at Stifel Nicolaus

Crane (NYSE:CR) had its price objective lifted by Stifel Nicolaus from $200.00 to $201.00 in a report published on Friday, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the conglomerate’s stock.

Several other equities research analysts have also issued reports on CR. Wolfe Research set a $215.00 price target on shares of Crane and gave the company an “outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. CJS Securities raised Crane to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, DA Davidson set a $235.00 price objective on Crane in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $222.00.

Crane Trading Down 1.9%

CR opened at $204.51 on Friday. The firm’s fifty day moving average is $190.51 and its two-hundred day moving average is $188.53. The firm has a market cap of $11.78 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. The business had revenue of $589.20 million during the quarter, compared to analysts’ expectations of $578.54 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.4%. Crane’s payout ratio is presently 14.74%.

Hedge Funds Weigh In On Crane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Crane by 276.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,402 shares of the conglomerate’s stock worth $1,026,000 after purchasing an additional 3,967 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Crane by 4.9% during the second quarter. Truist Financial Corp now owns 34,182 shares of the conglomerate’s stock worth $6,491,000 after buying an additional 1,583 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Crane by 86.8% in the third quarter. Assenagon Asset Management S.A. now owns 136,413 shares of the conglomerate’s stock valued at $25,119,000 after acquiring an additional 63,401 shares during the period. Abacus Planning Group Inc. acquired a new position in shares of Crane in the second quarter valued at about $510,000. Finally, Fifth Third Bancorp grew its stake in shares of Crane by 379.1% in the second quarter. Fifth Third Bancorp now owns 2,726 shares of the conglomerate’s stock valued at $518,000 after acquiring an additional 2,157 shares in the last quarter. 75.14% of the stock is owned by 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.