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

Crane (NYSE:CR) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $168.00.

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group increased their price target on shares of Crane from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus lowered shares of Crane from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a report on Monday, November 18th.

Institutional Investors Weigh In On Crane

A number of large investors have recently modified their holdings of CR. Park Avenue Securities LLC lifted its position in Crane by 15.0% during the 4th quarter. Park Avenue Securities LLC now owns 3,158 shares of the conglomerate’s stock valued at $479,000 after acquiring an additional 412 shares during the period. Oak Thistle LLC lifted its position in Crane by 242.7% during the 4th quarter. Oak Thistle LLC now owns 6,778 shares of the conglomerate’s stock valued at $1,029,000 after acquiring an additional 4,800 shares during the period. Matrix Trust Co lifted its position in Crane by 619.1% during the 4th quarter. Matrix Trust Co now owns 1,129 shares of the conglomerate’s stock valued at $171,000 after acquiring an additional 972 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Crane by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,975 shares of the conglomerate’s stock valued at $2,845,000 after acquiring an additional 85 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Crane by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,577 shares of the conglomerate’s stock valued at $20,351,000 after acquiring an additional 510 shares during the period. Institutional investors own 75.14% of the company’s stock.

Crane Price Performance

Shares of NYSE:CR opened at $154.75 on Monday. The company’s fifty day moving average price is $166.64 and its 200-day moving average price is $157.50. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.93 and a beta of 1.22. Crane has a one year low of $110.49 and a one year high of $188.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last announced its quarterly earnings data 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 company had revenue of $597.20 million during 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%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. On average, equities research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s payout ratio is 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.