Crane (NYSE:CR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Crane (NYSE:CR) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $156.17.

CR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus boosted their price target on shares of Crane from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, July 18th.

Institutional Investors Weigh In On Crane

A number of institutional investors and hedge funds have recently bought and sold shares of CR. Capital International Investors increased its stake in shares of Crane by 103.3% during the first quarter. Capital International Investors now owns 1,348,451 shares of the conglomerate’s stock worth $182,216,000 after acquiring an additional 685,230 shares during the period. Select Equity Group L.P. purchased a new stake in shares of Crane in the second quarter valued at approximately $21,159,000. Hantz Financial Services Inc. purchased a new stake in shares of Crane in the second quarter valued at approximately $16,205,000. Lord Abbett & CO. LLC grew its holdings in Crane by 13.0% during the first quarter. Lord Abbett & CO. LLC now owns 727,846 shares of the conglomerate’s stock worth $98,354,000 after acquiring an additional 83,938 shares during the period. Finally, Norden Group LLC raised its position in Crane by 1,363.7% in the first quarter. Norden Group LLC now owns 89,432 shares of the conglomerate’s stock worth $12,086,000 after acquiring an additional 83,322 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Trading Down 0.3 %

Shares of CR stock opened at $156.44 on Friday. Crane has a twelve month low of $82.57 and a twelve month high of $162.34. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 1.93 and a beta of 0.77. The company’s 50-day moving average price is $151.87 and its 200-day moving average price is $146.38. 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 posted its quarterly earnings results on Monday, July 29th. The conglomerate reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.06. The business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $568.33 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. As a group, equities analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, August 30th. Crane’s dividend payout ratio (DPR) is 21.98%.

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.