Crane (NYSE:CR) Receives $223.60 Average PT from Analysts

Crane (NYSE:CR) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $223.60.

A number of equities analysts recently weighed in on CR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane in a research note on Wednesday, October 8th. Bank of America boosted their price target on Crane from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Stifel Nicolaus increased their price objective on Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. DA Davidson set a $235.00 target price on Crane in a research report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th.

Crane Price Performance

Shares of CR opened at $188.49 on Tuesday. The stock has a 50 day simple moving average of $184.19 and a 200 day simple moving average of $182.16. Crane has a 52-week low of $127.04 and a 52-week high of $203.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market capitalization of $10.86 billion, a PE ratio of 24.97, a P/E/G ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.18. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Sell-side analysts predict that Crane will post 7.87 EPS for the current fiscal year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s dividend payout ratio (DPR) is 14.74%.

Insider Transactions at Crane

In other Crane news, VP Alejandro Alcala sold 20,791 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 33,526 shares of the company’s stock, valued at $6,461,801.24. The trade was a 38.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.12% of the company’s stock.

Institutional Trading of Crane

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Corp acquired a new position in Crane during the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Crane during the 2nd quarter worth approximately $29,000. Assetmark Inc. boosted its holdings in shares of Crane by 57.9% in the 3rd quarter. Assetmark Inc. now owns 180 shares of the conglomerate’s stock valued at $33,000 after buying an additional 66 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Crane by 63.4% in the second quarter. Parkside Financial Bank & Trust now owns 219 shares of the conglomerate’s stock valued at $42,000 after buying an additional 85 shares in the last quarter. Finally, State of Wyoming increased its holdings in Crane by 217.0% during the third quarter. State of Wyoming now owns 279 shares of the conglomerate’s stock worth $51,000 after buying an additional 191 shares during the last quarter. 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.