Brokerages Set Crane (NYSE:CR) PT at $113.67

Shares of Crane (NYSE:CRGet Free Report) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $113.67.

A number of analysts have recently issued reports on CR shares. Stifel Nicolaus raised their price target on shares of Crane from $124.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. StockNews.com downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Bank of America increased their price objective on shares of Crane from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

View Our Latest Report on Crane

Crane Stock Performance

Shares of CR stock opened at $134.95 on Tuesday. Crane has a one year low of $67.28 and a one year high of $135.67. The company’s 50-day moving average is $123.24 and its 200 day moving average is $107.66. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18.

Crane (NYSE:CRGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The conglomerate reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. The company had revenue of $532.90 million for the quarter, compared to the consensus estimate of $519.55 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Sell-side analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.82 annualized dividend and a dividend yield of 0.61%. This is a boost from Crane’s previous quarterly dividend of $0.18. Crane’s dividend payout ratio (DPR) is presently 22.22%.

Institutional Investors Weigh In On Crane

Several institutional investors and hedge funds have recently modified their holdings of CR. Money Concepts Capital Corp bought a new stake in shares of Crane in the fourth quarter valued at about $25,000. Ronald Blue Trust Inc. raised its holdings in Crane by 99.3% in the third quarter. Ronald Blue Trust Inc. now owns 287 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Amundi bought a new position in Crane in the fourth quarter worth about $32,000. Fifth Third Bancorp raised its holdings in Crane by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 341 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 99 shares in the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in Crane in the first quarter valued at approximately $42,000. Institutional investors own 85.91% of the company’s stock.

About Crane

(Get Free Report

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.

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Analyst Recommendations for Crane (NYSE:CR)

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