Crane (NYSE:CR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Crane (NYSE:CR) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. Two research 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 updated their coverage on the stock in the last year is $167.00.

A number of analysts have recently weighed in on the company. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its stake in shares of Crane by 150.6% in the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Crane by 7.4% during the first quarter. EP Wealth Advisors LLC now owns 2,153 shares of the conglomerate’s stock valued at $291,000 after buying an additional 148 shares during the last quarter. PEAK6 Investments LLC bought a new position in shares of Crane in the first quarter worth approximately $4,418,000. Price T Rowe Associates Inc. MD boosted its stake in Crane by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,169 shares of the conglomerate’s stock valued at $3,402,000 after purchasing an additional 1,546 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Crane by 4.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 193,053 shares of the conglomerate’s stock valued at $26,087,000 after buying an additional 7,945 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Crane Stock Up 0.7 %

NYSE:CR opened at $184.36 on Friday. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 1.93 and a beta of 0.81. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Crane has a 1 year low of $102.80 and a 1 year high of $185.55. The stock has a 50-day moving average price of $161.99 and a two-hundred day moving average price of $152.71.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.06. The company had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. As a group, equities analysts expect that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The business also recently declared 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. This represents a $0.82 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, November 29th. Crane’s dividend payout ratio is presently 18.06%.

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.