Analysts Set Crane (NYSE:CR) PT at $168.00

Shares of Crane (NYSE:CR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $168.00.

Several equities research analysts recently commented on CR shares. UBS Group lifted their target price on shares of 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 target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus downgraded shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research report on Monday, November 18th.

Crane Trading Up 0.3 %

CR opened at $155.98 on Monday. The company’s 50 day moving average is $165.48 and its 200-day moving average is $157.56. Crane has a 1-year low of $110.49 and a 1-year high of $188.52. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.93 billion, a P/E ratio of 20.66, a PEG ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last posted its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

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

Institutional Trading of Crane

Several hedge funds have recently modified their holdings of CR. Matrix Trust Co bought a new stake in shares of Crane in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in shares of Crane in the 3rd quarter valued at $28,000. ORG Wealth Partners LLC bought a new stake in shares of Crane in the 3rd quarter valued at $30,000. UMB Bank n.a. increased its stake 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 acquiring an additional 99 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Crane in the 3rd quarter valued at $37,000. Institutional investors 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.