Crane - CR Stock Forecast, Price & News

Crane Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment provides engineered fluid handling equipment for mission critical applications. It offers process valves and related products, commercial valves, and pumps and systems. The Payment & Merchandising Technologies segment provides high technology payment acceptance and dispensing products to original equipment manufacturers, and for certain vertical markets. This segment also offers currency handling and processing systems, cash and cashless payment and merchandising solutions, equipment service solutions, and connected managed service solutions. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles and in commercial and industrial buildings applications. It provides products and solutions to customers across end markets, including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a range of general industrial and consumer applications. The company was formerly known as Crane Co. and changed its name to Crane Holdings Co. in May 2022. Crane Holdings Co. was founded in 1855 and is based in Stamford, Connecticut.

Crane Price Performance

CR Stock traded up $0.14 during midday trading on Monday, hitting $99.95. 131,401 shares of the stock were exchanged, compared to its average volume of 278,029. The stock's 50-day moving average price is $91.84 and its 200-day moving average price is $98.08. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.36 and a beta of 1.58. Crane has a fifty-two week low of $82.14 and a fifty-two week high of $114.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 2.04.

Crane (NYSE:CR - Get Rating) last issued its quarterly earnings data on Monday, July 25th. The conglomerate reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The firm had revenue of $864.30 million during the quarter, compared to analysts' expectations of $821.76 million. Crane had a return on equity of 22.10% and a net margin of 17.56%. Crane's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 earnings per share. Research analysts predict that Crane will post 7.67 earnings per share for the current year.

Crane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, August 30th. Crane's payout ratio is 18.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CR shares. StockNews.com raised Crane from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 27th. UBS Group reduced their price target on Crane from $130.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, July 28th. Finally, Stifel Nicolaus reduced their price target on Crane from $137.00 to $134.00 in a report on Monday, April 18th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $124.60.