Crane (NYSE:CR) Receives $167.00 Average PT from Analysts

Shares of Crane (NYSE:CR) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $167.00.

A number of equities research analysts have issued reports on CR shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a report on Monday, November 18th.

Hedge Funds Weigh In On Crane

A number of hedge funds have recently made changes to their positions in the business. Matrix Trust Co bought a new stake in Crane in the third quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Crane during the 3rd quarter worth about $28,000. ORG Wealth Partners LLC bought a new position in Crane during the 3rd quarter valued at about $30,000. UMB Bank n.a. boosted its position in Crane by 81.8% in the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock valued at $35,000 after buying an additional 99 shares in the last quarter. Finally, Quarry LP bought a new stake in Crane during the third quarter worth about $37,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Trading Up 1.9 %

Crane stock opened at $155.88 on Thursday. Crane has a one year low of $110.49 and a one year high of $188.52. The company’s fifty day moving average price is $167.86 and its two-hundred day moving average price is $156.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.93 and a beta of 0.93.

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

Crane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 0.53%. Crane’s dividend payout ratio is currently 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.