Crane (NYSE:CR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Crane (NYSE:CR) has received a consensus rating of "Moderate Buy" from analysts, with one hold rating and four buy ratings, and an average 12-month price target of $222.20.
• Recent changes in analyst price targets include Deutsche Bank raising its target from $187.00 to $226.00, while Bank of America increased its price target from $220.00 to $225.00.
• Crane recently announced a quarterly dividend of $0.23, with an annualized yield of 0.5% and a payout ratio of 15.31%.

Shares of Crane (NYSE:CR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $222.20.

A number of research firms have weighed in on CR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crane from $187.00 to $226.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. 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 report on Wednesday, July 30th. Bank of America raised 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 reiterated a "buy" rating and issued a $230.00 price target (up from $215.00) on shares of Crane in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus raised 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.

Insider Buying and Selling

In other Crane news, VP Alejandro Alcala sold 20,791 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $192.74, for a total value of $4,007,257.34. Following the completion of the sale, the vice president owned 33,526 shares of the company's stock, valued at approximately $6,461,801.24. This trade represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.12% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Crane by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 11,507 shares of the conglomerate's stock worth $2,185,000 after buying an additional 101 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Crane during the 2nd quarter worth $1,313,000. Nomura Holdings Inc. acquired a new position in shares of Crane during the 2nd quarter worth $9,882,000. Headlands Technologies LLC acquired a new position in shares of Crane during the 2nd quarter worth $29,000. Finally, Tower Research Capital LLC TRC raised its stake in Crane by 12.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,126 shares of the conglomerate's stock valued at $404,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Crane Stock Performance

Shares of NYSE CR opened at $183.19 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.88 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 company has a 50 day simple moving average of $190.02 and a two-hundred day simple moving average of $172.93. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.93 and a beta of 1.25.

Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $567.70 million. During the same period in the previous year, the business posted $1.20 EPS. The business'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. As a group, analysts predict that Crane will post 7.87 earnings per share for the current year.

Crane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were issued a $0.23 dividend. The ex-dividend date of this dividend 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 (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.

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