Crane (NYSE:CR) Given New $230.00 Price Target at DA Davidson

Key Points

• DA Davidson raised Crane's price target from $200.00 to $230.00, indicating a potential upside of 17.60% from the current share price and maintaining a "buy" rating.
• Other analysts, including UBS Group and Deutsche Bank, also increased their price targets for Crane, with ratings varying from "hold" to "buy."
• Crane exceeded earnings expectations in its latest report, posting $1.49 EPS against a consensus estimate of $1.34 and a revenue of $577.20 million, marking a 9.2% year-over-year increase.

Crane (NYSE:CR - Free Report) had its price objective lifted by DA Davidson from $200.00 to $230.00 in a research report report published on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the conglomerate's stock. DA Davidson also issued estimates for Crane's Q3 2025 earnings at $1.47 EPS, FY2025 earnings at $5.74 EPS and FY2026 earnings at $6.45 EPS.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Crane from $189.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, UBS Group reaffirmed a "buy" rating and set a $230.00 target price (up previously from $215.00) on shares of Crane in a research report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Crane currently has an average rating of "Moderate Buy" and a consensus target price of $221.50.

Crane Trading Up 0.8%

Shares of Crane stock traded up $1.63 during trading hours on Wednesday, reaching $195.12. The stock had a trading volume of 183,687 shares, compared to its average volume of 314,281. The firm has a 50 day simple moving average of $184.93 and a two-hundred day simple moving average of $168.19. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.93 and a beta of 1.26. Crane has a 1 year low of $127.04 and a 1 year high of $203.89. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.15. The firm had revenue of $577.20 million during the quarter, compared to analysts' expectations of $567.70 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. Crane's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. As a group, equities research analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. Crane's dividend payout ratio is 15.31%.

Insiders Place Their Bets

In other Crane news, SVP Jason D. Feldman sold 1,300 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $177.10, for a total value of $230,230.00. Following the transaction, the senior vice president owned 9,796 shares in the company, valued at approximately $1,734,871.60. This represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.12% of the company's stock.

Hedge Funds Weigh In On Crane

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in Crane during the fourth quarter valued at $5,532,000. Aviva PLC purchased a new stake in shares of Crane during the 4th quarter valued at about $538,000. Golden State Wealth Management LLC lifted its stake in shares of 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. Twelve Points Wealth Management LLC boosted its holdings in shares of Crane by 19.6% in the first quarter. Twelve Points Wealth Management LLC now owns 11,405 shares of the conglomerate's stock worth $1,747,000 after buying an additional 1,870 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in Crane by 14.1% during the first quarter. Alps Advisors Inc. now owns 41,970 shares of the conglomerate's stock valued at $6,429,000 after buying an additional 5,197 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

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.