Analysts Set Crane Co. (CR) Target Price at $108.13

Crane Co. (NYSE:CR) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $108.13.

CR has been the subject of a number of research reports. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. UBS Group lifted their price objective on Crane from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus boosted their price target on Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, ValuEngine raised Crane from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th.

CR opened at $86.81 on Friday. The firm has a market cap of $5.18 billion, a P/E ratio of 19.16, a PEG ratio of 1.51 and a beta of 1.25. Crane has a 1 year low of $78.93 and a 1 year high of $102.65. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.61.



Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.16. The firm had revenue of $855.80 million during the quarter, compared to analysts’ expectations of $855.87 million. Crane had a return on equity of 23.29% and a net margin of 6.76%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, analysts predict that Crane will post 5.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.61%. Crane’s dividend payout ratio is currently 30.91%.

In other news, insider Bradley Ellis sold 11,763 shares of Crane stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $90.53, for a total value of $1,064,904.39. Following the transaction, the insider now directly owns 164,937 shares in the company, valued at $14,931,746.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brendan Curran sold 3,000 shares of Crane stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $91.07, for a total value of $273,210.00. Following the completion of the transaction, the insider now owns 14,346 shares in the company, valued at $1,306,490.22. The disclosure for this sale can be found here. Insiders sold 17,763 shares of company stock valued at $1,607,454 in the last ninety days. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of CR. FMR LLC increased its stake in shares of Crane by 37.2% in the second quarter. FMR LLC now owns 1,205,673 shares of the conglomerate’s stock worth $96,610,000 after purchasing an additional 326,859 shares during the period. Dudley & Shanley Inc. increased its stake in shares of Crane by 734.4% in the third quarter. Dudley & Shanley Inc. now owns 222,422 shares of the conglomerate’s stock worth $21,875,000 after purchasing an additional 195,765 shares during the period. Robecosam AG increased its stake in shares of Crane by 142.7% in the second quarter. Robecosam AG now owns 237,759 shares of the conglomerate’s stock worth $19,021,000 after purchasing an additional 139,815 shares during the period. BlackRock Inc. increased its stake in shares of Crane by 3.0% in the second quarter. BlackRock Inc. now owns 4,431,531 shares of the conglomerate’s stock worth $355,098,000 after purchasing an additional 128,447 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Crane by 367.5% in the third quarter. Assenagon Asset Management S.A. now owns 144,377 shares of the conglomerate’s stock worth $14,199,000 after purchasing an additional 113,497 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

About Crane

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

Featured Article: Dollar Cost Averaging

Analyst Recommendations for Crane (NYSE:CR)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply