Crane’s (CR) “Buy” Rating Reaffirmed at DA Davidson

Crane (NYSE:CR)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They currently have a $235.00 target price on the conglomerate’s stock. DA Davidson’s price target would suggest a potential upside of 28.84% from the stock’s previous close.

A number of other analysts also recently issued reports on CR. Weiss Ratings downgraded shares of Crane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Stifel Nicolaus raised shares of Crane from a “hold” rating to a “buy” rating and increased their price target for the stock from $200.00 to $215.00 in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $226.33.

Crane Stock Down 0.3%

Shares of NYSE CR traded down $0.61 during trading hours on Monday, hitting $182.39. 154,174 shares of the stock were exchanged, compared to its average volume of 507,987. 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 market cap of $10.53 billion, a PE ratio of 24.16, a PEG ratio of 1.93 and a beta of 1.15. The firm has a fifty day moving average price of $178.39 and a 200-day moving average price of $186.97. Crane has a 12 month low of $159.58 and a 12 month high of $214.31.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, topping the consensus estimate of $1.44 by $0.21. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Crane’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. On average, sell-side analysts expect that Crane will post 7.87 EPS for the current year.

Insider Transactions at Crane

In related news, Director Susan D. Lynch acquired 150 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, with a total value of $26,607.00. Following the completion of the acquisition, the director directly owned 370 shares in the company, valued at approximately $65,630.60. This trade represents a 68.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Capital Management LLC acquired a new stake in shares of Crane in the fourth quarter valued at about $27,000. Headlands Technologies LLC acquired a new stake in shares of Crane in the second quarter valued at about $29,000. Assetmark Inc. raised its position in shares of Crane by 57.9% in the third quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Crane in the fourth quarter valued at about $33,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Crane in the third quarter valued at about $33,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.