Crane Co. (CR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Crane Co. (NYSE:CR) have earned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the company, reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $105.49.

Several research analysts have recently commented on CR shares. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wolfe Research lowered shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Oppenheimer restated a “buy” rating on shares of Crane in a research note on Tuesday, December 5th. Stifel Nicolaus restated a “hold” rating and set a $99.00 price target (up previously from $87.00) on shares of Crane in a research note on Tuesday, January 16th. Finally, UBS Group started coverage on shares of Crane in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $100.00 price target on the stock.

In related news, VP Augustus I. Dupont sold 16,396 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total value of $1,602,545.04. Following the transaction, the vice president now directly owns 102,994 shares in the company, valued at approximately $10,066,633.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

A number of large investors have recently bought and sold shares of CR. ClariVest Asset Management LLC grew its stake in Crane by 54.2% in the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after buying an additional 800 shares during the last quarter. Fruth Investment Management acquired a new position in Crane in the 4th quarter valued at $205,000. Levin Capital Strategies L.P. acquired a new position in Crane in the 4th quarter valued at $208,000. Vident Investment Advisory LLC acquired a new position in Crane in the 3rd quarter valued at $209,000. Finally, JOYN Advisors Inc. acquired a new position in Crane in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 68.81% of the company’s stock.

Crane (NYSE:CR) opened at $94.59 on Tuesday. Crane has a 12 month low of $70.56 and a 12 month high of $102.65. The company has a market cap of $5,613.90, a price-to-earnings ratio of 20.88, a PEG ratio of 1.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. Crane had a net margin of 6.17% and a return on equity of 20.66%. The company had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. During the same quarter in the prior year, the business posted $1.02 EPS. Crane’s quarterly revenue was up 4.8% on a year-over-year basis. research analysts forecast that Crane will post 5.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. Crane’s dividend payout ratio (DPR) is presently 46.48%.

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Crane Company Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Analyst Recommendations for Crane (NYSE:CR)

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