Crane (NYSE:CR) Price Target Raised to $201.00 at Stifel Nicolaus

Crane (NYSE:CR) had its price objective boosted by Stifel Nicolaus from $200.00 to $201.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 2.38% from the stock’s previous close.

Several other analysts have also commented on CR. Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research note on Monday, December 29th. CJS Securities raised Crane to a “strong-buy” rating in a research note on Thursday, December 11th. DA Davidson set a $235.00 target price on Crane in a report on Thursday, October 30th. Finally, Wolfe Research set a $215.00 price target on Crane and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $222.00.

Crane Price Performance

Shares of NYSE CR traded down $2.50 during mid-day trading on Friday, reaching $205.89. 8,225 shares of the company traded hands, compared to its average volume of 286,311. Crane has a fifty-two week low of $127.04 and a fifty-two week high of $214.31. The firm has a market cap of $11.86 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The stock has a fifty day simple moving average of $190.09 and a 200-day simple moving average of $188.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.18. Crane had a return on equity of 24.45% and a net margin of 13.10%.The company had revenue of $589.20 million for the quarter, compared to the consensus estimate of $578.54 million. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Equities research analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Crane during the 2nd quarter valued at about $190,533,000. Qube Research & Technologies Ltd lifted its stake in Crane by 114.8% in the third quarter. Qube Research & Technologies Ltd now owns 439,157 shares of the conglomerate’s stock valued at $80,866,000 after acquiring an additional 234,681 shares during the last quarter. Prudential Financial Inc. grew its position in Crane by 5,159.8% in the second quarter. Prudential Financial Inc. now owns 232,851 shares of the conglomerate’s stock worth $44,216,000 after acquiring an additional 228,424 shares in the last quarter. Millennium Management LLC increased its stake in shares of Crane by 116.2% during the 3rd quarter. Millennium Management LLC now owns 401,596 shares of the conglomerate’s stock worth $73,950,000 after purchasing an additional 215,815 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Crane by 84.1% during the 3rd quarter. AQR Capital Management LLC now owns 431,048 shares of the conglomerate’s stock valued at $78,300,000 after purchasing an additional 196,917 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Company Profile

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.