Crane (NYSE:CR) Receives $168.00 Average Target Price from Analysts

Crane (NYSE:CR) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $168.00.

Several brokerages recently issued reports on CR. Deutsche Bank Aktiengesellschaft lifted their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Monday, November 18th. Finally, UBS Group lifted their price objective on Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd.

Crane Stock Performance

NYSE CR opened at $155.98 on Monday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.93 and a beta of 1.22. Crane has a 12-month low of $110.49 and a 12-month high of $188.52. The business’s 50 day moving average is $165.48 and its two-hundred day moving average is $157.75. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.06. The firm had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. Crane’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Research analysts expect that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, November 29th. Crane’s dividend payout ratio (DPR) is presently 18.06%.

Institutional Investors Weigh In On Crane

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Crane by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock valued at $2,845,000 after purchasing an additional 85 shares in the last quarter. M&T Bank Corp boosted its holdings in Crane by 1.2% in the third quarter. M&T Bank Corp now owns 7,336 shares of the conglomerate’s stock valued at $1,161,000 after purchasing an additional 86 shares during the last quarter. Griffin Asset Management Inc. grew its stake in Crane by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate’s stock valued at $5,388,000 after purchasing an additional 90 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Crane by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,530 shares of the conglomerate’s stock worth $561,000 after purchasing an additional 96 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of 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 purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

About Crane

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.