Crane (NYSE:CR) Shares Gap Up – Here’s What Happened

by · The Markets Daily

Shares of Crane (NYSE:CR – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $206.50, but opened at $218.02. Crane shares last traded at $209.02, with a volume of 12,319 shares changing hands.

Analyst Ratings Changes

CR has been the topic of a number of analyst reports. BMO Capital Markets began coverage on Crane in a research note on Monday, July 20th. They issued an “outperform” rating and a $253.00 price target on the stock. Wall Street Zen lowered Crane from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Crane from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, August 13th. DA Davidson lifted their target price on shares of Crane from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus upped their price target on shares of Crane from $215.00 to $242.00 and gave the company a “buy” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $238.60.

Read Our Latest Analysis on CR

Crane Stock Down 0.1%

The company has a market capitalization of $11.93 billion, a P/E ratio of 36.08, a PEG ratio of 2.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.84. The company has a 50 day moving average of $217.37 and a 200-day moving average of $196.70.

Crane (NYSE:CR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The conglomerate reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.11. Crane had a return on equity of 18.67% and a net margin of 12.97%.The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $708.46 million. During the same quarter in the prior year, the company posted $1.49 EPS. Crane’s quarterly revenue was up 25.6% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, equities analysts anticipate that Crane will post 6.96 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, August 31st. Crane’s dividend payout ratio is currently 17.83%.

Insider Buying and Selling

In related news, Director James L. L Tullis sold 614 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $225.00, for a total value of $138,150.00. Following the completion of the sale, the director owned 5,421 shares of the company’s stock, valued at $1,219,725. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CR. Public Employees Retirement System of Ohio purchased a new stake in shares of Crane in the 2nd quarter worth about $3,496,000. Ancora Advisors LLC purchased a new position in shares of Crane during the second quarter valued at about $8,664,000. Madison Asset Management LLC bought a new position in Crane in the second quarter worth about $4,063,000. Asset Advisory Group Inc. bought a new position in Crane in the second quarter worth about $205,000. Finally, Pacer Advisors Inc. lifted its holdings in Crane by 2.5% in the first quarter. Pacer Advisors Inc. now owns 7,450 shares of the conglomerate’s stock worth $1,274,000 after buying an additional 180 shares during the period. 75.14% of the stock is currently owned by institutional investors.

About Crane

(Get Free Report)

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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