Crane (NYSE:CR) Receives Consensus Rating of “Buy” from Analysts

Shares of Crane (NYSE:CR) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $221.8333.

Several analysts have recently commented on CR shares. Stifel Nicolaus reduced their target price on shares of Crane from $202.00 to $200.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. DA Davidson set a $235.00 price objective on shares of Crane in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research report on Monday, December 22nd. Wolfe Research set a $215.00 price target on Crane and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, CJS Securities raised Crane to a “strong-buy” rating in a report on Thursday, December 11th.

Institutional Investors Weigh In On Crane

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Corp acquired a new stake in shares of Crane in the 3rd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Crane during the second quarter worth $29,000. Assetmark Inc. boosted its position in Crane by 57.9% during the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in Crane in the third quarter valued at $33,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after buying an additional 85 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Stock Performance

Shares of CR stock opened at $187.75 on Wednesday. The stock’s 50-day moving average price is $186.76 and its 200 day moving average price is $186.71. 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 has a market capitalization of $10.81 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Crane has a 52-week low of $127.04 and a 52-week high of $203.89.

Crane (NYSE:CR) last announced its earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.18. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $589.20 million for the quarter, compared to the consensus estimate of $578.54 million. During the same period last year, the business posted $1.38 EPS. The company’s revenue was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. As a group, equities research analysts forecast that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is currently 14.74%.

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.