Crane (NYSE:CR) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Crane (NYSE:CR) issued its earnings results on Tuesday. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11, FiscalAI reports. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $708.46 million. During the same quarter last year, the company earned $1.49 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. Crane updated its FY 2026 guidance to 6.850-7.050 EPS.

Crane Stock Performance

Shares of Crane stock opened at $226.17 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 52 week low of $159.58 and a 52 week high of $230.50. The firm’s 50 day moving average is $206.75 and its two-hundred day moving average is $194.66. The firm has a market capitalization of $13.06 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.93 and a beta of 1.01.

Crane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s dividend payout ratio is currently 18.35%.

Insider Buying and Selling at Crane

In related news, Director Susan D. Lynch acquired 150 shares of Crane stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $177.38 per share, for a total transaction of $26,607.00. Following the transaction, the director owned 370 shares of the company’s stock, valued at $65,630.60. This represents a 68.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Crane

Several hedge funds and other institutional investors have recently bought and sold shares of CR. Pacer Advisors Inc. lifted its position in Crane by 12.7% in the fourth quarter. Pacer Advisors Inc. now owns 7,270 shares of the conglomerate’s stock valued at $1,341,000 after acquiring an additional 820 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Crane during the fourth quarter worth about $114,000. Corient Private Wealth LLC grew its holdings in shares of Crane by 189.8% during the fourth quarter. Corient Private Wealth LLC now owns 37,722 shares of the conglomerate’s stock worth $6,957,000 after purchasing an additional 24,705 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Crane by 29.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,937 shares of the conglomerate’s stock worth $1,833,000 after purchasing an additional 2,267 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Crane by 6.1% during the fourth quarter. Vident Advisory LLC now owns 17,973 shares of the conglomerate’s stock worth $3,315,000 after purchasing an additional 1,027 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus lifted their price objective on shares of Crane from $215.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. BMO Capital Markets started coverage on shares of Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Crane in a report on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Crane presently has a consensus rating of “Buy” and an average target price of $234.00.

Key Crane News

Here are the key news stories impacting Crane this week:

• Positive Sentiment: Quarterly results exceeded expectations. Crane reported second-quarter revenue of $724.7 million, up 25.6% year over year and ahead of the $708.5 million consensus estimate. Adjusted EPS was $1.79 versus expectations of $1.68, while GAAP EPS from continuing operations increased to $1.63 from $1.37. Crane Company Reports Second Quarter 2026 Results and Raises Full Year Adjusted EPS Guidance
• Positive Sentiment: Management raised full-year earnings guidance. Crane increased its fiscal 2026 adjusted EPS range to $6.85-$7.05 from $6.65-$6.85, above the approximately $6.79 analyst consensus. Revenue guidance of about $2.9 billion was generally in line with expectations. Crane raises outlook after Q2 sales climb 25.6%
• Positive Sentiment: Profitability and demand improved. Operating profit rose 40.2% to $144.3 million, lifting the operating margin by 210 basis points to 19.9%. Aerospace & Advanced Technologies sales grew 31.3%, Process Flow Technologies increased 20.9%, and total backlog reached $1.887 billion at June 30.
• Positive Sentiment: Shareholder returns and insider activity provided additional support. Crane declared a quarterly dividend of $0.255 per share. Recent insider activity was predominantly buying, including purchases by CEO Max Mitchell and other executives, although one senior executive sold shares.
• Neutral Sentiment: Investor positioning was mixed. In the latest quarter, 282 institutional investors added CR shares while 225 reduced positions. Large purchases by Capital International Investors, Point72, BlackRock and FMR contrasted with significant reductions by Northwestern Mutual and Capital World Investors.
• Negative Sentiment: Valuation and near-term expectations may weigh on the stock. With CR trading close to its annual high and at an elevated earnings multiple, the better-than-expected quarter and guidance increase may already be reflected in the share price, contributing to the modest decline.

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.