Crane (NYSE:CR) Receives $224.00 Average PT from Brokerages

Crane (NYSE:CR) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $224.00.

Several research analysts have recently issued reports on CR shares. Stifel Nicolaus increased their price target on Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Crane from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 target price on shares of Crane in a research report on Thursday, January 29th. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Crane in a research note on Thursday, January 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Crane in a research report on Friday, March 27th.

Crane Stock Performance

Shares of NYSE CR opened at $168.33 on Friday. 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 stock has a 50 day simple moving average of $187.87 and a 200-day simple moving average of $187.93. The company has a market cap of $9.71 billion, a PE ratio of 22.29, a P/E/G ratio of 1.93 and a beta of 1.34. Crane has a 12-month low of $127.04 and a 12-month high of $214.31.

Crane (NYSE:CR) last posted its earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, beating the consensus estimate of $1.43 by $0.10. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, equities research analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Friday, February 27th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.23. This represents a $1.02 annualized dividend and a yield of 0.6%. Crane’s dividend payout ratio is presently 16.32%.

Insider Transactions at Crane

In other news, Director Susan D. Lynch bought 150 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $182.22 per share, for a total transaction of $27,333.00. Following the completion of the transaction, the director directly owned 220 shares of the company’s stock, valued at approximately $40,088.40. This trade represents a 214.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Max H. Mitchell purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of $183.71 per share, with a total value of $183,710.00. Following the completion of the purchase, the chief executive officer owned 410,667 shares in the company, valued at $75,443,634.57. This represents a 0.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,464 shares of company stock valued at $987,470 over the last three months. 2.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CR. First Horizon Corp acquired a new stake in Crane in the 3rd quarter valued at about $26,000. TD Capital Management LLC acquired a new position in shares of Crane in the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in shares of Crane in the 2nd quarter worth approximately $29,000. Assetmark Inc. raised its holdings in shares of Crane by 57.9% in 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. Finally, Flagship Harbor Advisors LLC acquired a new stake in Crane during the fourth quarter valued at approximately $33,000. 75.14% of the stock is owned by institutional investors and hedge funds.

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.