Analysts Set Crane (NYSE:CR) PT at $167.00

Crane (NYSE:CR) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $167.00.

A number of equities analysts recently issued reports on CR shares. Deutsche Bank Aktiengesellschaft lifted their target price on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research note on Monday, November 18th.

Crane Stock Performance

CR opened at $182.08 on Friday. The business has a 50 day moving average price of $164.96 and a two-hundred day moving average price of $154.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. Crane has a 1-year low of $102.80 and a 1-year high of $188.52.

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

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.205 per share. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.45%. Crane’s dividend payout ratio is 18.06%.

Institutional Investors Weigh In On Crane

Several hedge funds have recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in shares of Crane during the 3rd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in Crane during the third quarter valued at $28,000. Covestor Ltd grew its stake in Crane by 150.6% in the first quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Crane in the 3rd quarter worth about $30,000. Finally, ORG Partners LLC purchased a new stake in shares of Crane during the 2nd quarter worth about $31,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

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.