Crane (NYSE:CR) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Crane has a consensus “Buy” rating from eight brokerages, with an average 12-month price target of $236.33; recent targets range as high as $253.
• The company exceeded quarterly expectations, reporting $1.79 EPS versus the $1.68 consensus and $724.7 million in revenue, up 25.6% year over year.
• Crane announced a quarterly dividend of $0.255 per share, or $1.02 annualized, yielding approximately 0.5%; institutional investors own 75.14% of its stock.

Crane (NYSE:CR - Get Free Report) has been given a consensus rating of "Buy" by the eight research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $236.3333.

A number of research analysts have recently weighed in on CR shares. Stifel Nicolaus increased their price target on Crane from $215.00 to $242.00 and gave the company a "buy" rating in a research note on Monday, July 20th. DA Davidson upped their price objective on Crane from $235.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Crane in a report on Friday, July 31st. Wall Street Zen lowered Crane from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, BMO Capital Markets assumed coverage on Crane in a research report on Monday, July 20th. They set an "outperform" rating and a $253.00 target price for the company.

Crane Trading Down 0.3%

Shares of Crane stock opened at $223.39 on Thursday. The stock has a market capitalization of $12.91 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. Crane has a 12-month low of $159.58 and a 12-month high of $230.50. 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 company has a 50-day simple moving average of $211.43 and a 200 day simple moving average of $195.26.

Crane (NYSE:CR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.11. Crane had a return on equity of 24.45% and a net margin of 13.10%.The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $708.46 million. During the same quarter in the previous year, the company posted $1.49 EPS. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. Research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st. Crane's payout ratio is presently 17.83%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CR. Royal Bank of Canada raised its position in shares of Crane by 27.4% in the first quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate's stock valued at $3,379,000 after purchasing an additional 4,749 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Crane by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate's stock worth $67,524,000 after buying an additional 84,278 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Crane by 3.2% in the 1st 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 buying an additional 4,217 shares during the last quarter. Focus Partners Wealth raised its holdings in Crane by 17.0% in the 1st quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate's stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in Crane in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 75.14% of the company's stock.

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.

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