Crane Co. (NYSE:CR) Given Average Rating of “Buy” by Analysts

Crane Co. (NYSE:CRGet Rating) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $119.60.

A number of research firms have recently commented on CR. Morgan Stanley increased their price objective on shares of Crane from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, January 31st. Stifel Nicolaus reduced their price objective on shares of Crane from $137.00 to $134.00 in a research note on Monday, April 18th. StockNews.com downgraded shares of Crane from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Crane from a “hold” rating to a “sell” rating and set a $100.00 price objective for the company. in a research note on Thursday.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of Crane by 20.6% during the 1st quarter. SG Americas Securities LLC now owns 15,751 shares of the conglomerate’s stock worth $1,706,000 after acquiring an additional 2,688 shares in the last quarter. Alphastar Capital Management LLC boosted its position in Crane by 3.4% in the first quarter. Alphastar Capital Management LLC now owns 24,591 shares of the conglomerate’s stock valued at $2,663,000 after buying an additional 813 shares in the last quarter. Foster & Motley Inc. boosted its position in Crane by 26.4% in the first quarter. Foster & Motley Inc. now owns 4,023 shares of the conglomerate’s stock valued at $436,000 after buying an additional 840 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Crane by 1,289.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,446 shares of the conglomerate’s stock valued at $1,040,000 after buying an additional 8,766 shares in the last quarter. Finally, Greenleaf Trust boosted its position in Crane by 5.4% in the first quarter. Greenleaf Trust now owns 3,539 shares of the conglomerate’s stock valued at $383,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 69.73% of the company’s stock.

Shares of CR stock traded down $2.49 on Monday, hitting $96.23. The stock had a trading volume of 351,655 shares, compared to its average volume of 275,300. Crane has a twelve month low of $84.68 and a twelve month high of $114.87. The firm has a market cap of $5.41 billion, a P/E ratio of 13.15, a PEG ratio of 1.38 and a beta of 1.65. The company has a current ratio of 2.07, a quick ratio of 1.64 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $104.43 and a two-hundred day moving average price of $102.63.

Crane (NYSE:CRGet Rating) last announced its earnings results on Monday, April 25th. The conglomerate reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.13. The firm had revenue of $801.10 million during the quarter, compared to analyst estimates of $800.76 million. Crane had a net margin of 13.49% and a return on equity of 22.54%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 EPS. On average, analysts expect that Crane will post 7.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. Crane’s dividend payout ratio is presently 25.68%.

Crane Company Profile (Get Rating)

Crane Co, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The Aerospace & Electronics segment offers original equipment and aftermarket parts under the Hydro-Aire, ELDEC, Lear Romec, P.L.

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