Crane - CR Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crane in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CR shares.
View CR analyst ratings or view top-rated stocks.

3 brokers have issued 1 year price objectives for Crane's stock. Their CR share price forecasts range from $121.00 to $140.00. On average, they expect the company's share price to reach $128.75 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for CR or view top-rated stocks among Wall Street analysts.

Crane's stock was trading at $100.45 at the beginning of the year. Since then, CR shares have increased by 19.0% and is now trading at $119.56.
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Crane saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 629,500 shares, a drop of 5.2% from the December 31st total of 663,900 shares. Based on an average trading volume of 275,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.3% of the shares of the stock are sold short.
View Crane's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our CR earnings forecast.

Crane Holdings, Co. (NYSE:CR) posted its quarterly earnings results on Monday, January, 23rd. The conglomerate reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.23. The conglomerate had revenue of $824.10 million for the quarter, compared to analysts' expectations of $819.89 million. Crane had a net margin of 13.10% and a trailing twelve-month return on equity of 24.43%. The business's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS.

Crane announced a quarterly dividend on Monday, January 23rd. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.47 per share on Wednesday, March 8th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, February 27th.
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 1.57%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CR will have a dividend payout ratio of 21.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CR.

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 shareholders include LSV Asset Management (2.13%), Thrivent Financial for Lutherans (1.80%), UBS Group AG (0.73%), Wedge Capital Management L L P NC (0.27%), Fort Washington Investment Advisors Inc. OH (0.22%) and California Public Employees Retirement System (0.21%). 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.
View institutional ownership trends.

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 $119.56.

Crane (NYSE:CR) has a market capitalization of $6.71 billion and generates $3.37 billion in revenue each year. The conglomerate earns $410.60 million in net income (profit) each year or $7.55 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.