Zacks Research upgraded shares of Crane (NYSE:CR – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks reports.
A number of other analysts have also recently weighed in on CR. Deutsche Bank Aktiengesellschaft set a $240.00 target price on shares of Crane in a report on Tuesday, September 1st. Weiss Ratings lowered shares of Crane from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. DA Davidson set a $255.00 price target on shares of Crane in a report on Thursday, October 29th. Stifel Nicolaus boosted their price objective on shares of Crane from $242.00 to $247.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, BMO Capital Markets began coverage on shares of Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $242.00.
View Our Latest Analysis on CR
Crane Price Performance
Shares of CR opened at $198.27 on Wednesday. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.40. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.34 and a beta of 1.03. The stock has a 50 day moving average of $202.16 and a 200-day moving average of $198.29.
Crane (NYSE:CR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The conglomerate reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.23. The business had revenue of $756.70 million for the quarter, compared to analyst estimates of $737.08 million. Crane had a return on equity of 19.17% and a net margin of 12.41%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. As a group, analysts forecast that Crane will post 7.34 EPS for the current year.
Crane Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, November 30th. Crane’s payout ratio is 17.53%.
Insider Activity
In other news, Director James Tullis sold 614 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $138,150.00. Following the completion of the transaction, the director directly owned 5,421 shares in the company, valued at approximately $1,219,725. The trade was a 10.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.
Institutional Trading of Crane
Hedge funds have recently added to or reduced their stakes in the business. North Dakota State Investment Board grew its holdings in Crane by 3.6% during the third quarter. North Dakota State Investment Board now owns 1,516 shares of the conglomerate’s stock worth $309,000 after acquiring an additional 53 shares during the period. Commonwealth Equity Services LLC raised its position in Crane by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 4,296 shares of the conglomerate’s stock worth $877,000 after acquiring an additional 57 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Crane by 4.0% in the 2nd quarter. QRG Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $437,000 after acquiring an additional 75 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Crane by 2.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,041 shares of the conglomerate’s stock valued at $620,000 after acquiring an additional 87 shares during the last quarter. Finally, Novem Group lifted its holdings in Crane by 1.7% in the 3rd quarter. Novem Group now owns 5,746 shares of the conglomerate’s stock valued at $1,172,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
More Crane News
Here are the key news stories impacting Crane this week:
- Positive Sentiment: Bank of America cited strong third-quarter execution and an improved 2026 outlook in maintaining its positive view of Crane, with a $250 price target. Crane’s Strong Q3 Execution and Improved 2026 Outlook Support Buy Rating
- Positive Sentiment: Zacks added CR to its Rank #1 (Strong Buy) momentum list, a favorable signal for investors following analyst revisions and price momentum. Best Momentum Stocks to Buy for November 5th
- Positive Sentiment: Zacks also highlighted Crane among stocks that could benefit from manufacturing activity reaching a three-month high, and as a potential cyclical-stock pick. These are broader investment themes, not company-specific announcements. Stocks to Grab as Manufacturing Activity Hits a Three-Month High Cyclical Stocks: Five Picks
- Neutral Sentiment: Several headlines concern Crane NXT (NYSE: CXT), a separate company; its earnings-call coverage and analyst rating do not directly apply to Crane (CR).
Crane Company Profile
Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products for aerospace, industrial, commercial and other specialized markets. The company serves customers worldwide through businesses focused on mission-critical components, systems and services.
Its Aerospace & Electronics segment supplies products such as sensing and control systems, aircraft components, power-management equipment and other electronic solutions for commercial and military aerospace applications.
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