Crane Company (CR) Boosts Precision Capabilities With $1.06B PSI Acquisition

Sheryar Siddiq

Fri, Jul 11, 2025, 10:27 AM 1 min read

Crane Company (NYSE:CR) is one of the best industrial machinery stocks to buy according to analysts. On June 9, Stifel analysts reiterated their Hold rating on Crane Company (NYSE:CR) while raising their price target from $150 to $165.

Notably, the update follows a deal that Crane Company (NYSE:CR) struck to acquire Precision Sensors & Instrumentation (PSI). PSI is well known for its sensor-based technology applications in the industrial, nuclear, and aerospace sectors. By acquiring PSI, Crane Company (NYSE:CR) aims to expand its portfolio in the sensor technology sector, which is essential for many high-precision industries.

The agreement is valued at $1.06 billion, including anticipated tax savings, with an estimated net present value of approximately $90 million. Following the acquisition, Crane Company (NYSE:CR) is expected to have financial leverage thanks to these tax advantages.

Crane Company (NYSE:CR) is a leading manufacturer of industrial products. The company operates through four segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

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Disclosure: None.