Free Trial

Crane (NYSE:CR) Hits New 1-Year High Following Earnings Beat

Crane logo with Industrials background

Key Points

  • Crane (NYSE:CR) achieved a new 52-week high after reporting earnings per share (EPS) of $1.49, surpassing analysts' estimates of $1.34.
  • The company declared a quarterly dividend of $0.23, which will be paid on September 10th, reflecting a 0.46% dividend yield.
  • Several analysts have recently increased their price targets for Crane, with Deutsche Bank setting a new target at $226.00 and maintaining a "buy" rating.
  • MarketBeat previews the top five stocks to own by August 1st.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

Crane (NYSE:CR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $203.07 and last traded at $199.44, with a volume of 68831 shares trading hands. The stock had previously closed at $189.98.

The conglomerate reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.15. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $577.20 million during the quarter, compared to the consensus estimate of $567.70 million. During the same period in the previous year, the company posted $1.20 earnings per share. The firm's revenue was up 9.2% on a year-over-year basis.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be given a $0.23 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.47%. Crane's dividend payout ratio is currently 15.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CR shares. Deutsche Bank Aktiengesellschaft upped their target price on Crane from $187.00 to $226.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Stifel Nicolaus upped their price objective on Crane from $189.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday. DA Davidson restated a "buy" rating and issued a $200.00 price objective on shares of Crane in a research report on Tuesday, June 10th. Finally, UBS Group upped their price objective on Crane from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $214.00.

Get Our Latest Analysis on CR

Insider Buying and Selling at Crane

In other news, SVP Jason D. Feldman sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $177.10, for a total transaction of $230,230.00. Following the completion of the transaction, the senior vice president directly owned 9,796 shares of the company's stock, valued at $1,734,871.60. This represents a 11.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in Crane by 16.9% in the 4th quarter. Capital World Investors now owns 2,455,854 shares of the conglomerate's stock valued at $372,676,000 after buying an additional 355,765 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Crane by 10.7% during the 4th quarter. Invesco Ltd. now owns 1,425,015 shares of the conglomerate's stock worth $216,246,000 after purchasing an additional 138,279 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Crane by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 989,002 shares of the conglomerate's stock worth $151,496,000 after purchasing an additional 12,505 shares during the period. Norges Bank purchased a new position in shares of Crane during the 4th quarter worth $144,961,000. Finally, Bain Capital Public Equity Management II LLC grew its holdings in shares of 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 during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Crane Trading Down 1.3%

The business has a fifty day moving average price of $183.96 and a two-hundred day moving average price of $167.42. The firm has a market capitalization of $11.26 billion, a PE ratio of 25.93, a PEG ratio of 1.93 and a beta of 1.26. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

About Crane

(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.

See Also

Should You Invest $1,000 in Crane Right Now?

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

10 Stocks Set to Soar in Summer 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday
ACT FAST! Congress is Dumping these 3 Stocks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines