Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets. This segment sells its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, Westlock, WTA, HOKE, DOPAK, Stockham, Wask, Viking Johnson, IAT, Hattersley, NABIC, Sperryn, Wade, Deming, Weinman, Burks, and Barnes brands. Its Payment & Merchandising Technologies segment provides technology payment acceptance and dispensing products to original equipment manufacturers and for vertical markets; currency handling and processing systems, cash and cashless payment and merchandising solutions, equipment service solutions, and connected managed service solutions. The company's Aerospace & Electronics segment offers original equipment and aftermarket parts under the Hydro-Aire, ELDEC, Lear Romec, P.L. Porter, Keltec, Interpoint, Signal Technology, Merrimac Industries, and Polyflon brands to commercial and military aerospace, and defense and space markets. Its Engineered Materials segment provides fiberglass-reinforced plastic panels and coils primarily for use in the manufacturing of recreational vehicles, truck bodies, and trailers, as well as used in commercial and industrial building construction. Crane Co. was founded in 1855 and is based in Stamford, Connecticut.
IPO Year: 2023
Exchange: NYSE
Website: craneco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $176.00 | Buy → Hold | Stifel |
| 4/24/2024 | Hold → Buy | Vertical Research | |
| 11/20/2023 | $110.00 | Hold | Vertical Research |
| 10/30/2023 | Market Outperform | CJS Securities | |
| 9/28/2023 | $118.00 | Buy | Deutsche Bank |
| 4/4/2023 | $90.00 | Buy | DA Davidson |
| 3/24/2023 | $132.00 → $120.00 | Buy → Neutral | UBS |
| 12/12/2022 | $116.00 → $129.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/31/2022 | $111.00 → $116.00 | Equal-Weight | Morgan Stanley |
| 12/3/2021 | $111.00 | Equal-Weight | Morgan Stanley |
Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, today announced the appointment of Susan D. Lynch as a Director of the Company. Since 2021, Ms. Lynch has served as a member of the board of directors of Allegro MicroSystems, a global leader in power and sensing semiconductor solutions for Automotive, Industrial, and Infrastructure systems. In addition, Ms. Lynch currently sits on the board of directors of Onto Innovation Inc., a leader in semiconductor support and process control solutions. Ms. Lynch previously served as Senior Vice President and Chief Financial Officer at V2X (formerly Vectrus, Inc.) from August 2019 to Septem
Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, today announced the resignation of John S. Stroup as a Director of the Company. On June 4, 2024, John S. Stroup, a current member of the Company's Board of Directors, notified the Board of his intention to resign from the Board, effective as of July 22, 2024 due to additional professional commitments including his election to Partner at Clayton, Dubilier & Rice, a private investment firm. The Board accepted John's resignation on June 5, 2024. Max H. Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said "This is an outstanding opportunity f
Adds Three Mutually Agreed-Upon Independent Directors Supported by Elliott Establishes New Board Committee to Oversee Strategic and Operational Review AKRON, Ohio, July 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear") today announced enhancements to its Board of Directors in connection with a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott"). Three highly experienced business leaders, mutually agreed-upon between Goodyear and Elliott, will join the Board effective immediately
BOSTON, May 24, 2021 /PRNewswire/ -- The nonprofit Year Up announced that it has appointed Ellen McClain as its Chief Operating Officer (COO) to lead and manage the organization's growth as it works to advance economic and racial justice across the United States through its proven approach to workforce development. McClain previously served as Year Up's Chief Financial Officer (CFO). "With millions of young people currently out of school and out of work due to the pandemic, Ellen's leadership will be critical in setting the course for more inclusive talent practices across co
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Crane (NYSE:CR) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 3 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $159.83, a high estimate of $168.00, and a low estimate of $152.00. Marking an increase of 10.74%, the current average surpasses the
Stifel analyst Nathan Jones maintains Crane (NYSE:CR) with a Buy and raises the price target from $157 to $168.
B of A Securities analyst Ronald Epstein maintains Crane (NYSE:CR) with a Buy and raises the price target from $140 to $165.
During the last three months, 6 analysts shared their evaluations of Crane (NYSE:CR), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 1 0 0 Last 30D 1 0 1 0 0 1M Ago 3 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $152.67, a high estimate of $160.00, and a low estimate of $140.00. This current average has increased by 12.53% fro
UBS analyst Damian Karas maintains Crane (NYSE:CR) with a Neutral and raises the price target from $120 to $152.
Stifel analyst Nathan Jones maintains Crane (NYSE:CR) with a Buy and maintains $157 price target.
Vertical Research analyst Jeffrey Sprague upgrades Crane (NYSE:CR) from Hold to Buy.
In the preceding three months, 4 analysts have released ratings for Crane (NYSE:CR), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Crane, presenting an average target of $151.75, a high estimate of $160.00, and a low estimate of $140.00. Marking an increase of 13.04%, the curren
DA Davidson analyst Matt Summerville maintains Crane (NYSE:CR) with a Buy and raises the price target from $142 to $160.
Stifel analyst Nathan Jones maintains Crane (NYSE:CR) with a Buy and raises the price target from $150 to $157.
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Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, announced that on Friday, November 1, 2024, it completed the acquisition of Technifab Products, Inc. ("Technifab"), a leading provider of vacuum insulated pipe systems and valves for cryogenic applications for $40.5 million on a cash-free and debt- free basis. Founded in 1992 by Noel Short, Technifab is headquartered in Brazil, Indiana. Through September 2024, Technifab had trailing 12-month sales and adjusted EBITDA of approximately $20 million and $4 million, respectively (please see the Non-GAAP Explanation). Technifab joins Crane as part of the company's Process Flow Technolog
Third Quarter 2024 Highlights Earnings per diluted share (EPS) of $1.33, up 39%, and adjusted EPS of $1.38, up 34%. Sales of $597 million, up 13% driven by 6% core sales growth. Core order growth up 6% and core backlog growth up 10%, driven primarily by ongoing strength at Aerospace & Electronics. Declaring fourth quarter 2024 regular dividend of $0.205 per share. Full Year Outlook Raising and narrowing our full year adjusted EPS outlook to a range of $5.05-$5.20, up from $4.95-$5.15. Crane Company ((", Crane, ", NYSE:CR) today announced its financial results for the third quarter of 2024 and raised and narrowed its adjusted full-year EPS outlook. Max Mitchell, Crane's Chairm
Crane Company (NYSE:CR) announces the following schedule and teleconference information for its third quarter 2024 earnings release: Earnings Release: October 28, 2024 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: October 29, 2024 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only mode via the Company's website www.craneco.com. An accompanying slide presentation will also be available on the Company's website. Web Replay: Will be available on the Company's website shortly after completion of the live call. Abou
Second Quarter 2024 Highlights Earnings per diluted share (EPS) of $1.23, up 64% and adjusted EPS of $1.30, up 18%. Sales of $581 million, up 14% driven by 9% core sales growth. Full Year Outlook Raising the midpoint of our full-year adjusted EPS guidance by $0.15 and narrowing the full year adjusted EPS outlook to a range of $4.95-$5.15, from prior range of $4.75-$5.05. Crane Company ((", Crane, ", NYSE:CR) today announced its financial results for the second quarter of 2024 and updated its full-year outlook. Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: "Our Crane team delivered 18% adjusted EPS growth in the quarter, driven by 9% core sal
Crane Company (NYSE:CR) today announced its regular quarterly dividend of $0.205 per share for the third quarter of 2024. The dividend is payable on September 11, 2024 to shareholders of record as of August 30, 2024. About Crane Company Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. Crane has approximately 7,500 employees in the Am
Crane Company (NYSE:CR) announces the following schedule and teleconference information for its second quarter 2024 earnings release: Earnings Release: July 29, 2024 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: July 30, 2024 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only mode via the Company's website www.craneco.com. An accompanying slide presentation will also be available on the Company's website. Web Replay: Will be available on the Company's website shortly after completion of the live call. About
First Quarter 2024 Highlights Earnings per diluted share (EPS) of $1.12 and adjusted EPS of $1.22. Year-over-year core sales growth of 5%, core orders growth of 11%, and core backlog growth of 11%. Raising full-year adjusted EPS guidance to a range of $4.75-$5.05, from prior range of $4.55-$4.85. Announces agreement to acquire CryoWorks, Inc. for approximately $61 million as a strategic bolt-on for our growing Hydrogen business within the Process Flow Technologies segment. Declaring second quarter 2024 regular dividend of $0.205 per share. Crane Company ((", Crane, ", NYSE:CR) today announced its financial results for the first quarter of 2024 and updated its full-year out
Crane Company (NYSE:CR) announces the following schedule and teleconference information for its first quarter 2024 earnings release: Earnings Release: April 22, 2024 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: April 23, 2023 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only mode via the Company's website www.craneco.com. An accompanying slide presentation will also be available on the Company's website. Web Replay: Will be available on the Company's website shortly after completion of the live call. Abou
Fourth Quarter 2023 Highlights Earnings from continuing operations per diluted share (EPS) of $0.86 and adjusted EPS of $0.90. Core year-over-year sales growth of 5% and core year-over-year backlog growth of 8%. Year-over-year growth in operating profit from continuing operations of 38%, and year-over-year growth in adjusted operating profit from continuing operations of 14%. Introducing 2024 adjusted EPS guidance of $4.55-$4.85 reflecting 10% growth compared to 2023 adjusted EPS. Declaring first quarter 2024 dividend of $0.205 per share, and raising the annual dividend by 14% to $0.82 per share. Demonstrated significant progress on capital deployment and acquisition strat
Significantly Strengthens Breadth of Aerospace & Electronics' Fluid Solution Capabilities Crane Company (("Crane, NYSE:CR) today announced that it has acquired Vian Enterprises, Inc. ("Vian") for approximately $103 million on a cash free and debt free basis. Founded in 1968, Vian is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms. Through August 2023, we estimate that Vian had trailing 12-month sales of approximately $33 million and adjusted EBITDA of approximately $8 mi
Stifel downgraded Crane from Buy to Hold and set a new price target of $176.00
Vertical Research upgraded Crane from Hold to Buy
Vertical Research initiated coverage of Crane with a rating of Hold and set a new price target of $110.00
CJS Securities initiated coverage of Crane with a rating of Market Outperform
Deutsche Bank initiated coverage of Crane with a rating of Buy and set a new price target of $118.00
DA Davidson initiated coverage of Crane with a rating of Buy and set a new price target of $90.00
UBS downgraded Crane from Buy to Neutral and set a new price target of $120.00 from $132.00 previously
Morgan Stanley upgraded Crane from Equal-Weight to Overweight and set a new price target of $129.00 from $116.00 previously
Morgan Stanley reiterated coverage of Crane with a rating of Equal-Weight and set a new price target of $116.00 from $111.00 previously
Morgan Stanley initiated coverage of Crane with a rating of Equal-Weight and set a new price target of $111.00
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Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, announced that on Friday, November 1, 2024, it completed the acquisition of Technifab Products, Inc. ("Technifab"), a leading provider of vacuum insulated pipe systems and valves for cryogenic applications for $40.5 million on a cash-free and debt- free basis. Founded in 1992 by Noel Short, Technifab is headquartered in Brazil, Indiana. Through September 2024, Technifab had trailing 12-month sales and adjusted EBITDA of approximately $20 million and $4 million, respectively (please see the Non-GAAP Explanation). Technifab joins Crane as part of the company's Process Flow Technolog
Third Quarter 2024 Highlights Earnings per diluted share (EPS) of $1.33, up 39%, and adjusted EPS of $1.38, up 34%. Sales of $597 million, up 13% driven by 6% core sales growth. Core order growth up 6% and core backlog growth up 10%, driven primarily by ongoing strength at Aerospace & Electronics. Declaring fourth quarter 2024 regular dividend of $0.205 per share. Full Year Outlook Raising and narrowing our full year adjusted EPS outlook to a range of $5.05-$5.20, up from $4.95-$5.15. Crane Company ((", Crane, ", NYSE:CR) today announced its financial results for the third quarter of 2024 and raised and narrowed its adjusted full-year EPS outlook. Max Mitchell, Crane's Chairm
Crane Company (NYSE:CR) announces the following schedule and teleconference information for its third quarter 2024 earnings release: Earnings Release: October 28, 2024 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: October 29, 2024 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only mode via the Company's website www.craneco.com. An accompanying slide presentation will also be available on the Company's website. Web Replay: Will be available on the Company's website shortly after completion of the live call. Abou
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
RYE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR)Graham Corporation (NYSE:GHM) Sean Gillen –
Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, today announced the appointment of Susan D. Lynch as a Director of the Company. Since 2021, Ms. Lynch has served as a member of the board of directors of Allegro MicroSystems, a global leader in power and sensing semiconductor solutions for Automotive, Industrial, and Infrastructure systems. In addition, Ms. Lynch currently sits on the board of directors of Onto Innovation Inc., a leader in semiconductor support and process control solutions. Ms. Lynch previously served as Senior Vice President and Chief Financial Officer at V2X (formerly Vectrus, Inc.) from August 2019 to Septem
RYE, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR) Elbit Systems Ltd. (NASDAQ:ESLT)Albany Inte
Second Quarter 2024 Highlights Earnings per diluted share (EPS) of $1.23, up 64% and adjusted EPS of $1.30, up 18%. Sales of $581 million, up 14% driven by 9% core sales growth. Full Year Outlook Raising the midpoint of our full-year adjusted EPS guidance by $0.15 and narrowing the full year adjusted EPS outlook to a range of $4.95-$5.15, from prior range of $4.75-$5.05. Crane Company ((", Crane, ", NYSE:CR) today announced its financial results for the second quarter of 2024 and updated its full-year outlook. Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: "Our Crane team delivered 18% adjusted EPS growth in the quarter, driven by 9% core sal
Crane Company (NYSE:CR) today announced its regular quarterly dividend of $0.205 per share for the third quarter of 2024. The dividend is payable on September 11, 2024 to shareholders of record as of August 30, 2024. About Crane Company Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. Crane has approximately 7,500 employees in the Am