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On Monday, Stifel analysts increased their price target on Crane Co. (NYSE:CR) shares to $165 from the previous target of $150, while keeping a Hold rating on the stock. Currently trading at $183.25 and near its 52-week high of $188.52, Crane has shown strong momentum with a 26% return over the past year. According to InvestingPro analysis, the stock appears to be trading in overbought territory. The revision follows Crane’s announcement of a significant acquisition deal.
Crane, a diversified manufacturer of highly engineered industrial products, has entered into an agreement to purchase Precision Sensors & Instrumentation (PSI). PSI is renowned for its sensor-based technology applications across aerospace, nuclear, and process industries. The acquisition is from Baker Hughes Company (NYSE:NASDAQ:BKR), which Stifel rates as a Buy with a current price of $37.96.
The deal is valued at $1.06 billion, which takes into account expected tax benefits with an estimated net present value of around $90 million. These tax advantages are anticipated to provide financial leverage to Crane following the acquisition.
The Stifel analyst noted, "We maintain our Hold rating on CR shares with a $165 target price." This statement underscores the firm’s view that while the acquisition is a positive move for Crane, the current stock valuation adequately reflects the company’s prospects.
Crane’s strategic move to acquire PSI is aimed at enhancing its offerings in the sensor technology space, which is crucial for various high-precision industries. The acquisition is expected to be integrated into Crane’s existing operations, potentially leading to synergies and growth in the company’s market reach and technological capabilities.
Investors will be watching closely to see how this acquisition affects Crane’s financial performance and market position in the sensor technology industry. With impressive revenue growth of 17.2% and a healthy current ratio of 2.08, Crane appears well-positioned for this strategic move. The stock’s performance in the coming months will reflect the market’s assessment of the deal’s impact on Crane’s future growth and profitability. For deeper insights into Crane’s valuation and growth prospects, investors can access comprehensive analysis and 15+ additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Crane Co. reported a strong performance in the first quarter of 2025, with earnings per share (EPS) surpassing expectations at $1.39 compared to the forecasted $1.27. Despite a slight revenue miss, which came in at $557.6 million against a projected $564 million, the company’s Aerospace & Electronics segment drove significant growth, contributing to an overall 7.5% increase in core sales. DA Davidson reaffirmed its Buy rating on Crane, maintaining a $200 price target, highlighting the company’s best-in-class execution and strong balance sheet that supports future mergers and acquisitions. Stifel analysts, however, raised the stock’s price target to $150 from $144, maintaining a Hold rating due to potential challenges from tariffs affecting Crane’s Process Flow Technologies segment. Crane’s management expressed confidence in the company’s trajectory, noting a robust M&A pipeline and $1.5 billion in debt capacity. The company’s backlog climbed 12% to a record $1.35 billion, further underscoring its strong financial position. These developments reflect Crane’s strategic focus on high-potential markets and its disciplined approach to mergers and acquisitions.
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