Crane Co. (CR) Plans Quarterly Dividend of $0.30
Crane (NYSE:CR) declared a quarterly dividend on Monday, January 27th, Stock Ratings News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.30 per share on Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.85%.
On a related note, analysts at FBR Capital Markets raised their price target on shares of Crane from $65.00 to $70.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $51.83.
Crane (NYSE:CR) traded down 1.04% during mid-day trading on Monday, hitting $64.78. 378,498 shares of the company’s stock traded hands. Crane has a 52-week low of $48.47 and a 52-week high of $69.21. The stock’s 50-day moving average is $66.82 and its 200-day moving average is $62.82. The company has a market cap of $3.767 billion and a P/E ratio of 17.78.
Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products.
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