Crane (NYSE:CR) Increases Dividend to $0.26 Per Share

Crane (NYSE:CR) declared a quarterly dividend on Monday, January 26th. Investors of record on Friday, February 27th will be paid a dividend of 0.255 per share by the conglomerate on Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 27th. This is a 10.9% increase from Crane’s previous quarterly dividend of $0.23.

Crane has a payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Crane to earn $8.57 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 10.7%.

Crane Stock Performance

CR stock traded down $19.89 during trading on Tuesday, reaching $189.89. The company had a trading volume of 186,186 shares, compared to its average volume of 325,593. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. Crane has a twelve month low of $127.04 and a twelve month high of $214.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a 50-day simple moving average of $191.14 and a 200-day simple moving average of $188.66.

Crane (NYSE:CR) last posted its quarterly earnings data 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 period in the previous year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Crane has set its FY 2026 guidance at 6.550-6.75 EPS. As a group, sell-side analysts expect that Crane will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CR shares. Stifel Nicolaus increased their price objective on Crane from $200.00 to $201.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a report on Monday, December 29th. CJS Securities upgraded shares of Crane to a “strong-buy” rating in a research note on Thursday, December 11th. DA Davidson set a $235.00 price objective on shares of Crane in a research note on Thursday, October 30th. Finally, Wolfe Research set a $215.00 target price on shares of Crane and gave the company an “outperform” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Crane presently has an average rating of “Buy” and a consensus target price of $222.00.

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.