Shares of Crane Co. (NYSE:CR) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $113.20.
Several research firms have recently issued reports on CR. DA Davidson lifted their price objective on shares of Crane from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 26th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of Crane in a research report on Friday, December 3rd. They set an “equal weight” rating and a $111.00 price objective for the company. BMO Capital Markets raised shares of Crane to an “outperform” rating in a research report on Monday, September 27th. Finally, Zacks Investment Research cut shares of Crane from a “hold” rating to a “sell” rating and set a $107.00 price target for the company. in a research report on Monday, January 3rd.
In other Crane news, Director James L. L Tullis sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $104.71, for a total transaction of $209,420.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.
Shares of CR stock opened at $106.82 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.30 and a debt-to-equity ratio of 0.47. Crane has a 52 week low of $72.47 and a 52 week high of $108.67. The stock has a market capitalization of $6.27 billion, a PE ratio of 15.41, a P/E/G ratio of 0.72 and a beta of 1.71. The firm has a 50 day moving average of $102.41 and a two-hundred day moving average of $98.35.
Crane (NYSE:CR) last issued its quarterly earnings results on Sunday, October 24th. The conglomerate reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.53. The company had revenue of $833.50 million during the quarter, compared to analysts’ expectations of $770.61 million. Crane had a net margin of 12.86% and a return on equity of 22.61%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. Analysts expect that Crane will post 6.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 8th. Stockholders of record on Tuesday, November 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.61%. Crane’s dividend payout ratio (DPR) is 24.82%.
Crane Co engages in the manufacturing of engineered industrial products. It operates through the following business segments: Fluid Handling; Payment and Merchandising Technologies; Aerospace and Electronics; and Engineered Materials. The Fluid Handling segment provides industrial fluid control products and systems.
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