Crane (NYSE:CR) Receives Average Rating of “Moderate Buy” from Analysts

Crane (NYSE:CR) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $223.60.

Several research analysts have recently weighed in on CR shares. DA Davidson set a $235.00 price objective on Crane in a report on Thursday, October 30th. Stifel Nicolaus upped their price target on Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Bank of America raised their price target on shares of Crane from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Crane in a research report on Tuesday.

Crane Price Performance

Shares of CR stock opened at $183.25 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 12-month low of $127.04 and a 12-month high of $203.89. The firm has a fifty day moving average of $184.07 and a 200-day moving average of $184.93. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

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

Crane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 28th. Crane’s dividend payout ratio is 14.74%.

Institutional Investors Weigh In On Crane

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in shares of Crane by 15.4% in the second quarter. Allworth Financial LP now owns 390 shares of the conglomerate’s stock valued at $74,000 after purchasing an additional 52 shares during the last quarter. Profund Advisors LLC boosted its stake in Crane by 5.4% in the 3rd quarter. Profund Advisors LLC now owns 1,119 shares of the conglomerate’s stock valued at $206,000 after purchasing an additional 57 shares during the period. MAI Capital Management grew its holdings in Crane by 3.1% in the 2nd quarter. MAI Capital Management now owns 1,933 shares of the conglomerate’s stock valued at $367,000 after buying an additional 58 shares in the last quarter. AE Wealth Management LLC increased its position in Crane by 2.0% during the 2nd quarter. AE Wealth Management LLC now owns 3,254 shares of the conglomerate’s stock worth $618,000 after buying an additional 63 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Crane by 10.5% during the third quarter. UMB Bank n.a. now owns 665 shares of the conglomerate’s stock worth $122,000 after buying an additional 63 shares in the last quarter. Institutional investors 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.