Shares of Crane Co. (NYSE:CR) have been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $96.03.
A number of analysts recently commented on the company. Buckingham Research decreased their target price on Crane from $102.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Zacks Investment Research raised Crane from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Desjardins reaffirmed a “buy” rating on shares of Crane in a research report on Thursday, March 7th. Finally, UBS Group boosted their target price on Crane from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 11th.
Crane stock traded down $1.78 during midday trading on Monday, reaching $79.65. The stock had a trading volume of 178,049 shares, compared to its average volume of 260,603. Crane has a 12 month low of $67.18 and a 12 month high of $100.14. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.95 and a quick ratio of 1.32.
Crane (NYSE:CR) last issued its earnings results on Monday, April 29th. The conglomerate reported $1.45 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 business had revenue of $831.70 million during the quarter, compared to analyst estimates of $792.39 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Crane will post 6.4 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 31st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.56 dividend on an annualized basis and a yield of 1.96%. Crane’s dividend payout ratio (DPR) is currently 26.04%.
In related news, Director James L. L Tullis purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $78.13 per share, for a total transaction of $78,130.00. Following the purchase, the director now owns 1,110 shares of the company’s stock, valued at $86,724.30. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.39% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in Crane by 563.5% during the 1st quarter. Quadrant Capital Group LLC now owns 345 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 293 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Crane during the 4th quarter valued at about $34,000. Quantamental Technologies LLC acquired a new position in Crane during the 4th quarter valued at about $42,000. Enlightenment Research LLC acquired a new position in Crane during the 4th quarter valued at about $43,000. Finally, Icon Wealth Partners LLC acquired a new position in Crane during the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 69.51% of the company’s stock.
Crane Company Profile
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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