Shares of Crane Co. (NYSE:CR) have received a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $99.52.
CR has been the topic of a number of recent research reports. Seaport Global Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of Crane in a research note on Wednesday, January 30th. Stifel Nicolaus set a $100.00 price target on Crane and gave the stock a “buy” rating in a research note on Tuesday, January 29th. UBS Group increased their price target on Crane from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Desjardins reissued a “buy” rating on shares of Crane in a research note on Thursday, March 7th. Finally, Buckingham Research increased their price target on Crane from $101.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday.
CR stock opened at $85.41 on Thursday. Crane has a 1 year low of $67.18 and a 1 year high of $100.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.95. The company has a market capitalization of $5.07 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.12 and a beta of 1.35.
Crane (NYSE:CR) last posted its earnings results on Monday, April 29th. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Crane had a return on equity of 24.49% and a net margin of 10.34%. The firm had revenue of $831.70 million for the quarter, compared to analyst estimates of $792.39 million. During the same quarter in the prior year, the company earned $1.31 EPS. Crane’s revenue was up 4.1% on a year-over-year basis. Analysts expect that Crane will post 6.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, May 30th. Crane’s dividend payout ratio is presently 26.04%.
In related news, VP James A. Lavish sold 5,150 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $84.94, for a total value of $437,441.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Louis V. Pinkham sold 55,103 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $85.03, for a total value of $4,685,408.09. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CR. Quadrant Capital Group LLC raised its position in shares of Crane by 563.5% in the 1st quarter. Quadrant Capital Group LLC now owns 345 shares of the conglomerate’s stock worth $28,000 after buying an additional 293 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Crane in the 4th quarter worth $34,000. Quantamental Technologies LLC purchased a new position in shares of Crane in the 4th quarter worth $42,000. Enlightenment Research LLC purchased a new position in shares of Crane in the 4th quarter worth $43,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Crane in the 1st quarter worth $47,000. 69.16% of the stock is currently owned by institutional investors and hedge funds.
Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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