Brokerages Set Crane (NYSE:CR) Price Target at $238.60

Crane (NYSE:CR) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $239.00.

CR has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on Crane in a report on Monday, July 20th. They issued an “outperform” rating and a $253.00 target price for the company. Weiss Ratings downgraded Crane from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. DA Davidson increased their price target on Crane from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $240.00 price objective on Crane in a research report on Tuesday, September 1st.

Crane Price Performance

Shares of CR opened at $204.33 on Monday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $230.50. The firm’s 50 day moving average price is $215.57 and its 200 day moving average price is $197.47. The company has a market cap of $11.81 billion, a P/E ratio of 35.72, a PEG ratio of 2.44 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 2.80 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last issued its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $708.46 million. Crane had a net margin of 12.97% and a return on equity of 18.67%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 EPS. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. On average, research analysts forecast that Crane will post 6.99 earnings per share for the current fiscal year.

Crane Announces Dividend

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

Insider Activity at Crane

In other news, Director James Tullis sold 400 shares of Crane stock in a transaction on Monday, August 31st. The shares were sold at an average price of $205.38, for a total transaction of $82,152.00. Following the completion of the sale, the director directly owned 5,021 shares of the company’s stock, valued at approximately $1,031,212.98. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Institutional Trading of Crane

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Crane by 27.4% during the 1st quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock worth $3,379,000 after acquiring an additional 4,749 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Crane by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after purchasing an additional 84,278 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Crane by 3.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock valued at $20,951,000 after purchasing an additional 4,217 shares in the last quarter. Focus Partners Wealth increased its stake in Crane by 17.0% in the first quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after purchasing an additional 246 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Crane in the second quarter valued at approximately $207,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.