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

Crane (NYSE:CR) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $167.00.

Several research analysts recently commented on the stock. 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 report on Thursday, October 3rd. Stifel Nicolaus downgraded shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research note on Monday, November 18th.

Crane Stock Performance

NYSE:CR opened at $153.04 on Thursday. Crane has a fifty-two week low of $110.49 and a fifty-two week high of $188.52. The firm’s 50 day moving average is $168.14 and its two-hundred day moving average is $156.35. The company has a market cap of $8.76 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Analysts expect that Crane will post 7.87 EPS for the current year.

Crane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s dividend payout ratio (DPR) is 18.06%.

Hedge Funds Weigh In On Crane

A number of institutional investors have recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in Crane during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Crane during the third quarter worth approximately $28,000. ORG Wealth Partners LLC bought a new stake in shares of Crane in the third quarter worth $30,000. UMB Bank n.a. boosted its stake in Crane by 81.8% during 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 during the last quarter. Finally, Quarry LP bought a new position in Crane during the 3rd quarter valued at $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.