DA Davidson Reaffirms Buy Rating for Crane (NYSE:CR)

Crane (NYSE:CR)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They presently have a $235.00 price objective on the conglomerate’s stock. DA Davidson’s target price suggests a potential upside of 28.40% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wolfe Research set a $215.00 price target on Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $238.00 target price on shares of Crane in a report on Thursday. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Crane from $200.00 to $201.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $224.00.

Crane Price Performance

Shares of CR opened at $183.03 on Thursday. The company has a market cap of $10.54 billion, a P/E ratio of 24.24, a PEG ratio of 1.93 and a beta of 1.24. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $214.31. 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 firm’s 50 day moving average price is $191.49 and its 200 day moving average price is $188.52.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 26th. The conglomerate reported $1.53 EPS for the quarter, topping the consensus estimate of $1.43 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $581.00 million during the quarter, compared to the consensus estimate of $572.16 million. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. On average, research analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Institutional Trading of Crane

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Crane by 27.4% in the 1st quarter. Royal Bank of Canada now owns 22,060 shares of the conglomerate’s stock valued at $3,379,000 after purchasing an additional 4,749 shares during the period. Goldman Sachs Group Inc. lifted its stake in Crane by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 440,817 shares of the conglomerate’s stock valued at $67,524,000 after buying an additional 84,278 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Crane by 3.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,776 shares of the conglomerate’s stock valued at $20,951,000 after acquiring an additional 4,217 shares during the period. Focus Partners Wealth boosted its holdings in shares of Crane by 17.0% in the first quarter. Focus Partners Wealth now owns 1,696 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 246 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Crane during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.