Stifel Nicolaus Cuts Crane (NYSE:CR) Price Target to $170.00

Crane (NYSE:CR) had its target price trimmed by Stifel Nicolaus from $176.00 to $170.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a hold rating on the conglomerate’s stock.

A number of other brokerages also recently commented on CR. Deutsche Bank Aktiengesellschaft boosted their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group boosted their price target on shares of Crane from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.80.

Crane Stock Performance

Shares of CR stock opened at $161.21 on Friday. The firm has a 50 day moving average of $163.99 and a two-hundred day moving average of $158.40. The stock has a market capitalization of $9.23 billion, a PE ratio of 21.35, a P/E/G ratio of 1.93 and a beta of 1.22. 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 has a 52 week low of $110.49 and a 52 week high of $188.52.

Crane (NYSE:CR) last released its 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. Crane had a return on equity of 24.45% and a net margin of 13.10%. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same period last year, the business posted $1.03 earnings per share. Crane’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Twelve Points Wealth Management LLC lifted its holdings in shares of Crane by 50.5% in the 4th quarter. Twelve Points Wealth Management LLC now owns 9,535 shares of the conglomerate’s stock valued at $1,447,000 after purchasing an additional 3,200 shares during the last quarter. Stonegate Investment Group LLC increased its position in Crane by 5.3% during the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate’s stock worth $218,000 after buying an additional 72 shares during the period. Lebenthal Global Advisors LLC purchased a new stake in Crane in the fourth quarter valued at approximately $330,000. Pacer Advisors Inc. boosted its holdings in shares of Crane by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 9,815 shares of the conglomerate’s stock valued at $1,489,000 after acquiring an additional 2,681 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Crane by 69.1% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds 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.