Crane (NYSE:CR) Receives $221.83 Consensus PT from Analysts

Crane (NYSE:CR) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $221.8333.

Several brokerages have weighed in on CR. DA Davidson set a $235.00 price target on Crane in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research note on Monday. Stifel Nicolaus reduced their target price on Crane from $202.00 to $200.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. CJS Securities upgraded Crane to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wolfe Research set a $215.00 price objective on shares of Crane and gave the stock an “outperform” rating in a report on Thursday, December 4th.

Institutional Trading of Crane

A number of institutional investors and hedge funds have recently made changes to their positions in CR. First Horizon Corp acquired a new stake in Crane during the third quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of Crane during the 2nd quarter worth about $29,000. Assetmark Inc. increased its position in Crane by 57.9% during the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in Crane during the 3rd quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust raised its holdings in Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after buying an additional 85 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Trading Down 0.3%

Shares of CR stock opened at $187.75 on Wednesday. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.93 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $186.76 and a 200 day moving average price of $186.71. Crane has a twelve month low of $127.04 and a twelve month high of $203.89.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.18. The company had revenue of $589.20 million for 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Research analysts forecast 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 was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were paid 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 yield of 0.5%. Crane’s dividend payout ratio (DPR) is currently 14.74%.

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.