Crane - CR Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crane in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CR shares.
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3 analysts have issued 1-year target prices for Crane's stock. Their CR share price forecasts range from $116.00 to $125.00. On average, they predict the company's share price to reach $120.67 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
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Crane's stock was trading at $101.73 at the start of the year. Since then, CR stock has increased by 5.6% and is now trading at $107.45.
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Crane saw a increase in short interest in October. As of October 15th, there was short interest totaling 730,800 shares, an increase of 21.7% from the September 30th total of 600,500 shares. Based on an average daily volume of 207,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our CR earnings forecast.

Crane Holdings, Co. (NYSE:CR) posted its quarterly earnings data on Monday, October, 24th. The conglomerate reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. The conglomerate had revenue of $815 million for the quarter, compared to the consensus estimate of $816.62 million. Crane had a trailing twelve-month return on equity of 22.03% and a net margin of 12.25%. The firm's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share.

Crane declared a quarterly dividend on Monday, September 26th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.47 per share on Wednesday, December 14th. This represents a $1.88 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for CR.

Crane (NYSE:CR) pays an annual dividend of $1.88 per share and currently has a dividend yield of 1.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CR will have a dividend payout ratio of 23.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CR.

Crane updated its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $1.90-$1.90 for the period, compared to the consensus EPS estimate of $1.93. The company issued revenue guidance of -.

38 employees have rated Crane Chief Executive Officer Max H. Mitchell on Glassdoor.com. Max H. Mitchell has an approval rating of 59% among the company's employees. This puts Max H. Mitchell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crane investors own include Intel (INTC), Exxon Mobil (XOM), Boeing (BA), QUALCOMM (QCOM), Johnson & Johnson (JNJ), 3M (MMM), Walt Disney (DIS), Gilead Sciences (GILD), Home Depot (HD) and Lowe's Companies (LOW).

Crane trades on the New York Stock Exchange (NYSE) under the ticker symbol "CR."

Crane's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.97%), BlackRock Inc. (6.85%), LSV Asset Management (2.90%), Gamco Investors INC. ET AL (2.58%), State Street Corp (2.40%) and Thrivent Financial for Lutherans (2.38%). Insiders that own company stock include Alejandro Alcala, Donald G Cook, James L L Tullis, Kristian Robert Salovaara, Kurt F Gallo, Kurt F Gallo, Max H Mitchell and Richard A Maue.
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Shares of CR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CR stock can currently be purchased for approximately $107.45.

Crane (NYSE:CR) has a market capitalization of $6.03 billion and generates $3.18 billion in revenue each year. The conglomerate earns $435.40 million in net income (profit) each year or $6.90 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Crane's mailing address is 100 FIRST STAMFORD PLACE, STAMFORD CT, 06902. The official website for the company is www.craneco.com. The conglomerate can be reached via phone at (203) 363-7300, via email at investors@craneco.com, or via fax at 203-363-7295.