Analysts Set Crane (NYSE:CR) Price Target at $222.20

Crane (NYSE:CR) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $222.20.

CR has been the topic of a number of research reports. Bank of America boosted their target price on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $230.00 target price (up from $215.00) on shares of Crane in a report on Wednesday, July 30th. DA Davidson boosted their target price on shares of Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crane from $187.00 to $226.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Stifel Nicolaus lifted their target price on shares of Crane from $189.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CR. Marshall Wace LLP purchased a new position in Crane during the fourth quarter valued at approximately $1,780,000. Dimensional Fund Advisors LP grew its position in Crane by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 797,880 shares of the conglomerate’s stock valued at $121,080,000 after purchasing an additional 5,509 shares in the last quarter. MetLife Investment Management LLC grew its position in Crane by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 27,428 shares of the conglomerate’s stock valued at $4,162,000 after purchasing an additional 2,291 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Crane by 96.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,888 shares of the conglomerate’s stock valued at $438,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Crane by 258.3% during the fourth quarter. Hsbc Holdings PLC now owns 5,331 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 3,843 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Crane Stock Up 2.9%

CR stock opened at $194.1760 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $189.76 and its two-hundred day moving average is $171.07. Crane has a 52 week low of $127.04 and a 52 week high of $203.89. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

Crane (NYSE:CR) last released its earnings results on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.15. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business had revenue of $577.20 million for the quarter, compared to the consensus estimate of $567.70 million. During the same period in the previous year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. On average, analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Crane’s dividend payout ratio (DPR) is 15.31%.

Crane Company Profile

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.