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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Crane from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 27th. Stifel Nicolaus lowered their target price on shares of Crane from $137.00 to $134.00 in a research note on Monday, April 18th. Finally, UBS Group decreased their target price on shares of Crane from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $124.60.

Crane Stock Performance

CR Stock opened at $99.81 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.52. The business has a 50-day moving average price of $91.75 and a 200 day moving average price of $98.08. The company has a market capitalization of $5.59 billion, a P/E ratio of 10.06, a PEG ratio of 1.36 and a beta of 1.58. Crane has a 1-year low of $82.14 and a 1-year high of $114.87.

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

Crane Announces Dividend

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