Shares of Crane Co. (NYSE:CR) have been assigned an average rating of “Buy” from the seventeen research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $106.29.
A number of equities analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and set a $110.00 price target on shares of Crane in a report on Monday, March 12th. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Boenning Scattergood restated a “hold” rating on shares of Crane in a research report on Tuesday, January 30th. Finally, Oppenheimer restated a “buy” rating and set a $105.00 price objective (up from $92.00) on shares of Crane in a research report on Wednesday, January 31st.
In other news, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total value of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares in the company, valued at $10,066,633.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director E Thayer Bigelow sold 1,125 shares of Crane stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.74, for a total transaction of $106,582.50. The disclosure for this sale can be found here. Insiders have sold 46,861 shares of company stock valued at $4,476,647 over the last 90 days. Company insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC raised its position in shares of Crane by 54.2% in the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after buying an additional 800 shares in the last quarter. Fruth Investment Management acquired a new stake in shares of Crane in the fourth quarter valued at approximately $205,000. Levin Capital Strategies L.P. acquired a new stake in shares of Crane in the fourth quarter valued at approximately $208,000. Vident Investment Advisory LLC acquired a new position in Crane during the third quarter valued at approximately $209,000. Finally, JOYN Advisors Inc. acquired a new position in Crane during the fourth quarter valued at approximately $213,000. Institutional investors own 69.35% of the company’s stock.
Crane (NYSE CR) traded up $0.70 during trading on Friday, reaching $95.22. The company had a trading volume of 54,678 shares, compared to its average volume of 296,440. Crane has a fifty-two week low of $70.56 and a fifty-two week high of $102.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.81 and a quick ratio of 1.40. The company has a market capitalization of $5,650.18, a PE ratio of 33.28, a P/E/G ratio of 1.32 and a beta of 1.23.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Crane had a return on equity of 20.66% and a net margin of 6.17%. The business had revenue of $714.20 million during the quarter, compared to analysts’ expectations of $702.50 million. During the same quarter last year, the company posted $1.02 earnings per share. Crane’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts anticipate that Crane will post 5.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Crane’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.47%. Crane’s dividend payout ratio (DPR) is 49.30%.
WARNING: “Analysts Set Crane Co. (CR) Target Price at $106.29” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/20/analysts-set-crane-co-cr-target-price-at-106-29.html.
Crane Company Profile
Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.