Crane (NYSE:CR) Given Average Recommendation of “Buy” by Brokerages

Shares of Crane (NYSE:CR) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $226.3333.

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Crane in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus raised Crane from a “hold” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $215.00 in a report on Wednesday, April 29th.

Insider Transactions at Crane

In other news, Director Susan D. Lynch purchased 150 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were 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 in the company, valued at approximately $65,630.60. This represents a 68.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crane

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Crane by 289,020.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,855,409 shares of the conglomerate’s stock valued at $1,448,773,000 after acquiring an additional 7,852,692 shares during the period. Capital World Investors boosted its stake in Crane by 1.7% during the 4th quarter. Capital World Investors now owns 2,993,123 shares of the conglomerate’s stock worth $552,022,000 after purchasing an additional 48,679 shares during the period. Norges Bank purchased a new position in Crane during the 4th quarter worth $198,509,000. Geode Capital Management LLC grew its position in Crane by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate’s stock worth $169,282,000 after purchasing an additional 35,441 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Crane by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,961 shares of the conglomerate’s stock valued at $144,622,000 after purchasing an additional 3,678 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Crane Price Performance

Shares of NYSE CR opened at $219.43 on Friday. The stock’s 50-day simple moving average is $199.61 and its 200-day simple moving average is $192.88. The firm has a market capitalization of $12.67 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.46. 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 announced its quarterly earnings results on Monday, April 27th. The conglomerate reported $1.65 earnings per share (EPS) 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 firm had revenue of $696.40 million during the quarter, compared to the consensus estimate of $672.74 million. During the same period in the prior year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. As a group, equities research analysts forecast that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. Crane’s dividend payout ratio is 18.35%.

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.