New insider activity at Crane Company ( (CR) ) has taken place on February 11, 2025.
EVP Alejandro Alcala recently sold 2,293 shares of Crane Company stock, amounting to a transaction value of $391,988.
Recent Updates on CR stock
In the last 24 hours, Crane Company’s stock has experienced significant developments, with DA Davidson raising its price target due to impressive organic sales, record order and backlog growth, and a strong balance sheet. The company reported robust Q4 financial results, with a notable increase in earnings per share, driven by an 8% growth in core sales and strategic acquisitions. Crane’s strategic divestiture of its Engineered Materials segment has allowed it to focus on its Aerospace & Electronics and Process Flow Technologies platforms, positioning for further growth. The company’s earnings call highlighted resilience despite challenges like the impact of Hurricane Helene and mixed industrial demand signals. Looking ahead, Crane projects a 12% EPS growth in 2025, supported by strong balance sheet leverage for mergers and acquisitions. These positive financial results and strategic moves have led to an 8% rise in Crane’s stock price.
More about Crane Company
YTD Price Performance: 14.02%
Average Trading Volume: 266,376
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.85B
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