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

Crane (NYSE:CR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $167.00.

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

Hedge Funds Weigh In On Crane

Hedge funds have recently modified their holdings of the stock. Matrix Trust Co purchased a new position in shares of Crane in the third quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in Crane during the 3rd quarter valued at $28,000. Covestor Ltd lifted its holdings in shares of 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 purchased a new stake in shares of Crane in the third quarter valued at $30,000. Finally, ORG Partners LLC acquired a new stake in shares of Crane in the second quarter worth $31,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Price Performance

Shares of CR opened at $185.12 on Friday. Crane has a one year low of $102.80 and a one year high of $188.52. The stock’s fifty day moving average is $162.63 and its 200-day moving average is $153.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

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

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.44%. Crane’s dividend payout ratio (DPR) is presently 18.06%.

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.