Crane (NYSE:CR) Given Consensus Rating of “Buy” by Analysts

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

A number of brokerages have weighed in on CR. CJS Securities upgraded Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $238.00 price objective on shares of Crane in a research report on Thursday, January 29th. Wall Street Zen upgraded Crane from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Crane in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Friday, March 27th.

Crane Price Performance

Shares of NYSE CR opened at $175.04 on Friday. The firm has a market capitalization of $10.10 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.93 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $186.91 and its two-hundred day simple moving average is $187.81. Crane has a twelve month low of $130.32 and a twelve month high of $214.31.

Crane (NYSE:CR) last announced its earnings results on Monday, January 26th. The conglomerate reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.10. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $572.16 million. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

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

Insider Activity

In other news, Director Susan D. Lynch acquired 150 shares of Crane stock in a transaction dated Thursday, January 29th. The shares were purchased at an average cost of $182.22 per share, for a total transaction of $27,333.00. Following the transaction, the director owned 220 shares of the company’s stock, valued at $40,088.40. This trade represents a 214.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jason D. Feldman sold 2,693 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.95, for a total value of $543,851.35. Following the transaction, the senior vice president owned 10,639 shares in the company, valued at $2,148,546.05. This trade represents a 20.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 5,464 shares of company stock worth $987,470. 2.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Crane

Several institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its holdings in Crane by 92.7% during the 4th quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate’s stock valued at $21,198,000 after acquiring an additional 54,619 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Crane by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 21,077 shares of the conglomerate’s stock valued at $3,887,000 after acquiring an additional 1,670 shares during the period. Corient Private Wealth LLC boosted its holdings in Crane by 189.8% during the 4th quarter. Corient Private Wealth LLC now owns 37,722 shares of the conglomerate’s stock valued at $6,957,000 after acquiring an additional 24,705 shares during the period. TD Capital Management LLC purchased a new stake in Crane during the 4th quarter valued at about $27,000. Finally, MidFirst Bank purchased a new stake in Crane during the 4th quarter valued at about $352,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

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.