Crane (NYSE:CR) Price Target Raised to $200.00

Crane (NYSE:CR) had its price target upped by DA Davidson from $185.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the conglomerate’s stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group increased their price target on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Stifel Nicolaus decreased their price target on Crane from $176.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.80.

Crane Trading Down 0.9 %

Shares of NYSE:CR opened at $170.14 on Thursday. Crane has a 12-month low of $118.48 and a 12-month high of $188.52. The business has a 50 day moving average of $162.96 and a 200-day moving average of $158.99. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9.74 billion, a PE ratio of 22.54, a P/E/G ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. Crane had a return on equity of 24.45% and a net margin of 13.10%. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, equities research analysts forecast that Crane will post 7.87 earnings per share for the current year.

Crane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Crane’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.54%. Crane’s dividend payout ratio (DPR) is 18.18%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Matrix Trust Co bought a new stake in shares of Crane during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Crane during the third quarter worth $28,000. ORG Wealth Partners LLC acquired a new position in Crane in the 3rd quarter worth about $30,000. UMB Bank n.a. raised its holdings in Crane by 81.8% in the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Crane during the third quarter worth $37,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Company Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.