Analysts Set Crane (NYSE:CR) Price Target at $236.33

Crane (NYSE:CR) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $236.3333.

A number of equities analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Crane from $235.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen cut shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane in a research report on Friday, July 31st. Finally, BMO Capital Markets assumed coverage on Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 price target on the stock.

Crane Trading Up 1.1%

Shares of CR stock opened at $223.05 on Thursday. The business’s fifty day moving average price is $215.07 and its 200 day moving average price is $195.70. Crane has a 1-year low of $159.58 and a 1-year high of $230.50. The firm has a market capitalization of $12.89 billion, a PE ratio of 38.99, a P/E/G ratio of 2.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84.

Crane (NYSE:CR) last released its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%.Crane’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, sell-side analysts forecast that Crane will post 6.96 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.02 annualized dividend and a yield of 0.5%. Crane’s payout ratio is currently 17.83%.

Institutional Trading of Crane

Several large investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in Crane by 5.2% during the fourth quarter. Signaturefd LLC now owns 1,167 shares of the conglomerate’s stock worth $215,000 after acquiring an additional 58 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Crane by 0.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,797 shares of the conglomerate’s stock valued at $3,098,000 after purchasing an additional 65 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Crane by 2.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,245 shares of the conglomerate’s stock worth $616,000 after purchasing an additional 76 shares during the last quarter. Aviva PLC raised its position in shares of Crane by 3.0% during the 4th quarter. Aviva PLC now owns 2,671 shares of the conglomerate’s stock worth $493,000 after purchasing an additional 78 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Crane by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the conglomerate’s stock valued at $2,844,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.