Crane Holdings, Co. (NYSE:CR) Given Consensus Recommendation of “Buy” by Analysts

Posted by admin on Aug 3rd, 2022

Shares of Crane Holdings, Co. (NYSE:CR – Get Rating) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $124.60.

Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of Crane from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Stifel Nicolaus cut their price objective on shares of Crane from $137.00 to $134.00 in a research report on Monday, April 18th. Finally, StockNews.com raised shares of Crane from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 27th.

Crane Price Performance

NYSE:CR opened at $98.20 on Wednesday. Crane has a one year low of $82.14 and a one year high of $114.87. The company has a market cap of $5.51 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.44 and a beta of 1.58. The firm’s fifty day moving average price is $91.37 and its two-hundred day moving average price is $98.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.52.

Crane (NYSE:CR – Get Rating) last released its quarterly earnings results on Monday, July 25th. The conglomerate reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. Crane had a net margin of 17.56% and a return on equity of 22.03%. The business had revenue of $864.30 million for the quarter, compared to the consensus estimate of $821.76 million. During the same period in the prior year, the company posted $1.83 earnings per share. Crane’s revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Crane will post 7.7 earnings per share for the current year.

Crane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.91%. Crane’s dividend payout ratio (DPR) is currently 18.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its holdings in shares of Crane by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,491,577 shares of the conglomerate’s stock worth $161,508,000 after acquiring an additional 12,017 shares during the last quarter. State Street Corp lifted its holdings in shares of Crane by 3.9% in the first quarter. State Street Corp now owns 1,382,235 shares of the conglomerate’s stock worth $149,668,000 after acquiring an additional 51,792 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Crane by 3.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,253,166 shares of the conglomerate’s stock worth $127,484,000 after acquiring an additional 38,046 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Crane by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 661,094 shares of the conglomerate’s stock worth $71,586,000 after acquiring an additional 32,515 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Crane by 10.8% in the first quarter. Invesco Ltd. now owns 656,264 shares of the conglomerate’s stock worth $71,060,000 after acquiring an additional 63,832 shares during the last quarter. Institutional investors own 73.16% of the company’s stock.

About Crane

(Get Rating)

Crane Holdings Co, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.