Baker Hughes completes $1.15 billion sale of Precision Sensors & Instrumentation to Crane Company, enhancing financial strength and strategic focus.
Quiver AI Summary
Baker Hughes has successfully completed the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company for $1.15 billion, bolstering its balance sheet and liquidity. This sale, which was announced in July 2025 and includes the Druck, Panametrics, and Reuter-Stokes brands, aligns with Baker Hughes' strategy to manage its portfolio effectively. The transactions also support the company's focus on operational efficiency and capital allocation by enhancing earnings, cash flow durability, and enabling investment in higher-return opportunities.
Potential Positives
- Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 billion before customary closing adjustments.
- Enhances earnings and cash flow durability, allowing for redeployment of capital toward higher-return opportunities.
- Represents an important milestone in Baker Hughes’ value-creation strategy, reinforcing the Company’s commitment to disciplined portfolio management and operational execution.
- Transactions align with a rigorous, returns-focused approach to capital allocation.
Potential Negatives
- The sale of the Precision Sensors & Instrumentation (PSI) product line may indicate a strategic shift that could raise concerns about the company’s future growth potential in that segment.
- The announcement does not provide clarity on how the divestiture will impact overall revenue or market position, which may lead to uncertainty among investors.
FAQ
What was the sale amount for Baker Hughes' PSI product line?
The sale of Baker Hughes' Precision Sensors & Instrumentation (PSI) product line totaled $1.15 billion before customary closing adjustments.
Which brands are included in the PSI product line sold to Crane Company?
The PSI product line includes the Druck, Panametrics, and Reuter-Stokes brands.
Why is the sale of the PSI product line significant for Baker Hughes?
This sale strengthens Baker Hughes' balance sheet, enhances earnings, and allows for capital redeployment towards higher-return opportunities.
When was the divesture of the PSI product line announced?
The divestiture of the PSI product line was announced in July 2025.
What is Baker Hughes’ strategy following the sale?
Baker Hughes aims to focus on disciplined portfolio management, operational execution, and capital efficiency with these transactions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BKR Insider Trading Activity
$BKR insiders have traded $BKR stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:
- LORENZO SIMONELLI (Chairman, President and CEO) sold 526,568 shares for an estimated $23,390,150
- MARIA C BORRAS (Chief Growth & Experience Ofcr) sold 50,362 shares for an estimated $2,361,474
- SREEGANESH RAMASWAMY (EVP, Industrial & Energy Tech) sold 25,000 shares for an estimated $1,250,000
- JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) sold 6,216 shares for an estimated $310,800
- REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 1,778 shares for an estimated $85,721.
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$BKR Revenue
$BKR had revenues of $7B in Q3 2025. This is an increase of 1.48% from the same period in the prior year.
You can track BKR financials on Quiver Quantitative's BKR stock page.
$BKR Hedge Fund Activity
We have seen 475 institutional investors add shares of $BKR stock to their portfolio, and 388 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS added 14,976,782 shares (+inf%) to their portfolio in Q3 2025, for an estimated $729,668,819
- JPMORGAN CHASE & CO removed 7,959,042 shares (-7.2%) from their portfolio in Q3 2025, for an estimated $387,764,526
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- VICTORY CAPITAL MANAGEMENT INC removed 2,607,165 shares (-22.8%) from their portfolio in Q3 2025, for an estimated $127,021,078
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$BKR Analyst Ratings
Wall Street analysts have issued reports on $BKR in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stifel issued a "Buy" rating on 10/27/2025
- TD Cowen issued a "Buy" rating on 10/27/2025
- Barclays issued a "Overweight" rating on 10/27/2025
- Citigroup issued a "Buy" rating on 10/08/2025
- Melius Research issued a "Buy" rating on 08/20/2025
- Evercore ISI Group issued a "Outperform" rating on 07/30/2025
- BMO Capital issued a "Outperform" rating on 07/30/2025
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$BKR Price Targets
Multiple analysts have issued price targets for $BKR recently. We have seen 12 analysts offer price targets for $BKR in the last 6 months, with a median target of $55.0.
Here are some recent targets:
- Josh Silverstein from UBS set a target price of $54.0 on 12/12/2025
- Scott Gruber from Citigroup set a target price of $61.0 on 12/11/2025
- Lloyd Byrne from Jefferies set a target price of $59.0 on 11/20/2025
- Marc Bianchi from TD Cowen set a target price of $57.0 on 10/27/2025
- Stephen Gengaro from Stifel set a target price of $52.0 on 10/27/2025
- David Anderson from Barclays set a target price of $55.0 on 10/27/2025
- Derek Podhaizer from Piper Sandler set a target price of $52.0 on 10/16/2025
Full Release
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Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 billion before customary closing adjustments
HOUSTON and LONDON, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”). PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had announced the divesture in July 2025.
With the recently announced formation of a joint venture for its surface pressure control product line, these transactions represent an important milestone in Baker Hughes’ value-creation strategy, reinforcing the Company’s commitment to disciplined portfolio management, operational execution and capital efficiency. The transactions enhance earnings and cash flow durability, enable the redeployment of capital toward higher-return opportunities, and provide cash proceeds to further strengthen the balance sheet, all within a rigorous, returns-focused approach to capital allocation.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at
bakerhughes.com
.
For more information, please contact:
Media Relations
Adrienne M. Lynch
+1 713-906-8407
[email protected]
Investor Relations
Chase Mulvehill
+1 346-297-2561
[email protected]
