Q2 Earnings Forecast for Crane Issued By DA Davidson

Crane (NYSE:CR - Free Report) - Stock analysts at DA Davidson issued their Q2 2025 EPS estimates for Crane in a research note issued on Wednesday, April 30th. DA Davidson analyst M. Summerville forecasts that the conglomerate will earn $1.29 per share for the quarter. DA Davidson has a "Buy" rating and a $200.00 price objective on the stock. The consensus estimate for Crane's current full-year earnings is $7.87 per share.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $557.60 million during the quarter, compared to analyst estimates of $546.93 million. During the same period last year, the business earned $1.22 EPS. The business's revenue was up 9.3% on a year-over-year basis.

Other analysts also recently issued reports about the stock. UBS Group raised shares of Crane from a "neutral" rating to a "buy" rating and boosted their target price for the company from $157.00 to $190.00 in a research note on Tuesday, April 29th. StockNews.com downgraded Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft set a $186.00 price target on Crane and gave the company a "buy" rating in a research note on Monday, April 14th. Finally, Stifel Nicolaus increased their target price on Crane from $144.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Crane currently has a consensus rating of "Moderate Buy" and an average target price of $178.20.

Crane Price Performance

Shares of CR traded down $1.65 during midday trading on Thursday, reaching $165.66. The stock had a trading volume of 49,911 shares, compared to its average volume of 266,535. Crane has a 52 week low of $127.04 and a 52 week high of $188.52. The company has a market capitalization of $9.51 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.93 and a beta of 1.28. The firm's 50 day moving average price is $150.53 and its 200-day moving average price is $160.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Hedge Funds Weigh In On Crane

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank raised its position in shares of Crane by 487.8% in the 4th quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC raised its position in Crane by 104.8% in the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock worth $39,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. lifted its holdings in Crane by 69.1% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the conglomerate's stock valued at $56,000 after buying an additional 152 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Crane during the third quarter valued at approximately $86,000. Finally, Fifth Third Bancorp grew its position in shares of Crane by 31.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate's stock worth $87,000 after buying an additional 136 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Alejandro Alcala sold 2,293 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $170.96, for a total value of $392,011.28. Following the completion of the transaction, the vice president now directly owns 32,963 shares in the company, valued at approximately $5,635,354.48. This trade represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by insiders.

Crane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Crane's dividend payout ratio (DPR) is currently 15.94%.

About Crane

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.