Crane (NYSE:CR) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Crane (NYSE:CR)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $200.22 and traded as high as $205.37. Crane shares last traded at $203.7350, with a volume of 269,599 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings raised Crane from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Stifel Nicolaus lifted their target price on Crane from $215.00 to $242.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $240.00 price objective on shares of Crane in a research report on Tuesday, September 1st. BMO Capital Markets assumed coverage on shares of Crane in a research note on Monday, July 20th. They set an “outperform” rating and a $253.00 target price for the company. Finally, DA Davidson reissued a “buy” rating and set a $245.00 price objective on shares of Crane in a research report on Tuesday, September 15th. Three analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $239.00.

Crane Stock Up 0.1%

The firm has a market cap of $11.90 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.43 and a beta of 1.02. The business’s fifty day moving average price is $206.47 and its two-hundred day moving average price is $200.51. The company has a current ratio of 2.80, a quick ratio of 1.84 and a debt-to-equity ratio of 0.50.

Crane (NYSE:CR) last posted its earnings results on Tuesday, July 28th. The conglomerate reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.11. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $708.46 million. Crane had a return on equity of 18.67% and a net margin of 12.97%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. Crane has set its FY 2026 guidance at 6.850-7.050 EPS. As a group, equities research analysts anticipate that Crane will post 6.99 EPS for the current year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were given a dividend of $0.2550 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is currently 17.83%.

Insider Buying and Selling at Crane

In other Crane news, Director James Tullis sold 614 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Crane

Hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. lifted its holdings in shares of Crane by 4.0% during the second quarter. QRG Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $437,000 after purchasing an additional 75 shares in the last quarter. Wedmont Private Capital boosted its holdings in Crane by 8.4% in the second quarter. Wedmont Private Capital now owns 1,450 shares of the conglomerate’s stock worth $318,000 after purchasing an additional 112 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Crane by 7.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,687 shares of the conglomerate’s stock valued at $291,000 after acquiring an additional 113 shares during the last quarter. TD Capital Management LLC purchased a new position in shares of Crane in the fourth quarter worth approximately $27,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Crane by 2.5% during the 1st quarter. Pacer Advisors Inc. now owns 7,450 shares of the conglomerate’s stock worth $1,274,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Company Profile

Crane Company (NYSE: CR) is a diversified industrial technology company that develops and manufactures highly engineered products and solutions for aerospace, industrial, process flow and other specialized markets. The company serves customers that require products designed for demanding operating environments, including applications involving the movement and control of fluids.

Crane’s businesses include aerospace and electronics products, process flow equipment and engineered materials.