Shares of Crane Co. (NYSE:CR) have been given an average recommendation of “Buy” by the sixteen research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $107.00.
A number of brokerages recently commented on CR. ValuEngine raised Crane from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. UBS Group raised their price target on Crane from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, May 17th.
Shares of Crane stock opened at $91.93 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. Crane has a 52-week low of $71.67 and a 52-week high of $102.65. The company has a market capitalization of $5.47 billion, a PE ratio of 20.29, a PEG ratio of 1.66 and a beta of 1.28.
Crane (NYSE:CR) last issued its earnings results on Monday, July 23rd. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.06. Crane had a net margin of 6.17% and a return on equity of 21.72%. The firm had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $834.45 million. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. analysts predict that Crane will post 5.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 31st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 30th. Crane’s payout ratio is 30.91%.
In other Crane news, insider Bradley Ellis sold 11,763 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $90.53, for a total transaction of $1,064,904.39. Following the completion of the transaction, the insider now owns 164,937 shares of the company’s stock, valued at $14,931,746.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brendan Curran sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $91.07, for a total value of $273,210.00. Following the transaction, the insider now directly owns 14,346 shares of the company’s stock, valued at approximately $1,306,490.22. The disclosure for this sale can be found here. Insiders sold 83,531 shares of company stock valued at $7,477,261 in the last ninety days. 3.00% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. KBC Group NV purchased a new position in shares of Crane in the 2nd quarter worth about $156,000. Adviser Investments LLC purchased a new position in shares of Crane in the 1st quarter worth about $193,000. Paloma Partners Management Co purchased a new position in shares of Crane in the 2nd quarter worth about $229,000. CHICAGO TRUST Co NA purchased a new position in shares of Crane in the 1st quarter worth about $230,000. Finally, Sawtooth Solutions LLC purchased a new position in shares of Crane in the 2nd quarter worth about $233,000. 68.25% of the stock is owned by institutional investors and hedge funds.
Crane Company Profile
Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including 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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