Crane (CR) Stock

Crane Company (NYSE: CR) has seen its stock price increase by over 100% since it split from Crane NXT (NYSE: CXT), and it may keep climbing by another triple-digit percentage. This increase is fueled by the company's strong growth, market position, profit margins, cash flow, and positive outlook for returning capital.

Crane Company (NYSE:CR) will hold its Q4 2024 Earnings Conference Call on January 28, 2025, at 10:00 AM ET. The call will feature company leaders, including Allison Poliniak, Max Mitchell, Alex Alcala, and Rich Maue. Participants from various financial institutions will also join the discussion.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) has released its financial results for the fourth quarter of 2024 and provided its adjusted earnings per share forecast for the full year 2025. After the Engineered Materials division was sold on January 1, 2025, the fourth quarter results for 2024 and earlier periods have been adjusted to show the Engineered Materials segment as discontinued operations. Max Mitchell, who is the Chairman, President, and CEO of Crane, made the announcement.

Crane Company has a Strong Buy rating and a one-year price target of $185.41, suggesting a 13.81% rise from January 23, 2025. The company's emphasis on Aerospace & Electronics and Process Flow Technologies, along with effective acquisitions, is expected to lead to earnings growth of more than 14% each year until 2027. Even though it operates in tough markets, Crane's unique technology and solid financial results give it a competitive advantage.

WALTHAM, Mass., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT), a leading industrial technology firm, has revealed the dates for its fourth quarter and full year 2024 financial results.

WALTHAM, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT), a leading industrial technology firm, has announced that Aaron Saak, the President and CEO, along with Christina Cristiano, the Senior Vice President and CFO, will take part in a fireside chat at the CJS Securities 25th Annual New Ideas for the New Year Conference. This event is scheduled for Tuesday, January 14, 2025, at 8:00 a.m. ET.

CR has sold its Engineered Materials division for $227 million to concentrate on its main businesses and prioritize capital allocation.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) has announced that it has completed the sale of its Engineered Materials business to KPS Capital Partners, LP. Founded in 1855, Crane Company has been providing innovative, technology-driven solutions to its clients. Today, it stands out as a top manufacturer of specialized components.

Crane Company, based in Stamford, Connecticut, has announced the promotion of Alejandro (Alex) Alcala to Chief Operating Officer (COO), effective immediately. In his new position, Alex will oversee the strategic and operational aspects of all Crane's business segments and the Crane Business System. Max H. Mitchell, the Chairman of the Board and CEO, expressed his support for this decision.