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Crane Co’s stock reached an all-time high of $191.28, marking a significant milestone for the company. According to InvestingPro data, the company maintains strong financial health with an overall score of "GREAT" and holds more cash than debt on its balance sheet. Over the past year, the stock has shown impressive growth, with a 33.46% increase in its value. This surge reflects strong investor confidence and positive market sentiment towards Crane Co, as the company continues to perform well in its sector. The achievement of this all-time high underscores the company’s resilience, supported by its 55-year track record of consistent dividend payments. While current metrics suggest the stock may be trading above its Fair Value, analysts have set price targets ranging from $161 to $228. For deeper insights and 13 additional ProTips, visit InvestingPro.
In other recent news, Crane Co. reported earnings per share (EPS) for the first quarter of 2025 at $1.39, surpassing the forecasted $1.27. The company’s quarterly revenue was slightly below expectations, coming in at $557.6 million against a projected $564 million. Despite this, Crane’s Aerospace & Electronics segment led a 7.5% increase in core sales, reflecting strong operational performance. Additionally, DA Davidson reaffirmed its Buy rating and $200 price target for Crane, highlighting the company’s robust balance sheet and strategic approach to mergers and acquisitions.
Crane recently announced a significant acquisition deal to purchase Precision Sensors & Instrumentation (PSI) from Baker Hughes Company (NASDAQ:BKR) for $1.06 billion. This acquisition is expected to enhance Crane’s offerings in sensor technology across various industries. Stifel analysts responded by raising Crane’s stock target to $165, maintaining a Hold rating, citing the acquisition’s potential financial leverage due to anticipated tax benefits. The firm’s previous analysis also noted Crane’s exceptional margin results in its Aerospace & Electronics segment despite facing tariff challenges.
Crane’s backlog reached a record $1.35 billion, driven by its Aerospace & Electronics business, and the company maintains a strong M&A pipeline with $1.5 billion in debt capacity. DA Davidson’s analyst emphasized confidence in Crane’s leadership and strategic direction, suggesting a positive outlook for the company’s future performance. These developments indicate Crane’s strategic positioning and readiness to capitalize on growth opportunities in high-potential markets.
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