Crane (NYSE:CR - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group reiterated a "buy" rating and issued a $230.00 price objective (up previously from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Bank of America lifted their price objective on shares of Crane from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Stifel Nicolaus boosted their price target on shares of Crane from $189.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, DA Davidson boosted their price target on shares of Crane from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $222.20.
Read Our Latest Analysis on Crane
Crane Price Performance
Shares of NYSE:CR traded up $1.67 on Wednesday, hitting $180.43. The company had a trading volume of 165,180 shares, compared to its average volume of 309,904. The business has a 50 day moving average of $187.04 and a 200 day moving average of $176.04. Crane has a 52-week low of $127.04 and a 52-week high of $203.89. The company has a market cap of $10.38 billion, a PE ratio of 23.90, a PEG ratio of 1.93 and a beta of 1.22. 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 issued its earnings results on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, topping the consensus estimate of $1.34 by $0.15. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $577.20 million during the quarter, compared to analyst estimates of $567.70 million. During the same quarter last year, the firm earned $1.20 EPS. The business's revenue was up 9.2% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. As a group, equities analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, VP Alejandro Alcala sold 20,791 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $192.74, for a total value of $4,007,257.34. Following the completion of the sale, the vice president owned 33,526 shares of the company's stock, valued at approximately $6,461,801.24. This represents a 38.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.12% of the company's stock.
Hedge Funds Weigh In On Crane
Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Crane during the 2nd quarter worth $190,533,000. Bain Capital Public Equity Management II LLC increased its position in Crane by 117.3% during the 1st quarter. Bain Capital Public Equity Management II LLC now owns 937,237 shares of the conglomerate's stock worth $143,566,000 after purchasing an additional 505,983 shares in the last quarter. Nuveen LLC purchased a new position in Crane in the 1st quarter worth approximately $75,254,000. Prudential Financial Inc. boosted its stake in shares of Crane by 5,159.8% during the 2nd quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate's stock valued at $44,216,000 after buying an additional 228,424 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Crane by 299.7% during the 2nd quarter. AQR Capital Management LLC now owns 234,131 shares of the conglomerate's stock valued at $43,876,000 after buying an additional 175,554 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Crane Company Profile
(
Get Free Report)
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.
Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Crane, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crane wasn't on the list.
While Crane currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.