Crane (NYSE:CR) Receives $222.20 Consensus Price Target from Analysts

Crane (NYSE:CR) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $222.20.

Several research analysts have recently issued reports on CR shares. Bank of America upped their target price on shares of Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. UBS Group restated a “buy” rating and issued a $230.00 target price (up previously from $215.00) on shares of Crane in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Crane from $187.00 to $226.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Stifel Nicolaus upped their target price on shares of Crane from $189.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, DA Davidson increased their price target on shares of Crane from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th.

Crane Trading Down 1.3%

Shares of NYSE:CR opened at $180.34 on Monday. Crane has a 52 week low of $127.04 and a 52 week high of $203.89. The company’s 50 day moving average is $189.46 and its two-hundred day moving average is $173.19. 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 company has a market cap of $10.38 billion, a PE ratio of 23.89, a P/E/G ratio of 1.93 and a beta of 1.25.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, beating 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 company had revenue of $577.20 million for the quarter, compared to the consensus estimate of $567.70 million. During the same period in the prior year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Crane has set its FY 2025 guidance at 5.500-5.800 EPS. Equities analysts predict that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 29th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio is currently 15.31%.

Insiders Place Their Bets

In related news, VP Alejandro Alcala sold 20,791 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $192.74, for a total transaction of $4,007,257.34. Following the completion of the sale, the vice president owned 33,526 shares in the company, valued at $6,461,801.24. This represents a 38.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Crane

Several hedge funds have recently made changes to their positions in CR. Headlands Technologies LLC acquired a new stake in shares of Crane in the 2nd quarter worth $29,000. Golden State Wealth Management LLC lifted its stake in shares of Crane by 104.8% in the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 131 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Crane by 63.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 85 shares during the period. Allworth Financial LP lifted its stake in shares of Crane by 15.4% in the 2nd quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock worth $74,000 after acquiring an additional 52 shares during the period. Finally, Westpac Banking Corp purchased a new position in shares of Crane in the 1st quarter valued at about $76,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.