Crane Company (NYSE:CR) has earned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $95.25.

A number of equities research analysts recently weighed in on CR shares. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Boenning Scattergood restated a “hold” rating on shares of Crane in a research note on Monday, October 2nd. Wolfe Research cut shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada restated a “hold” rating on shares of Crane in a research note on Monday, September 25th. Finally, ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, September 8th.

Crane (CR) opened at $86.32 on Thursday. Crane has a 1-year low of $67.62 and a 1-year high of $87.32. The stock has a market cap of $4,898.74, a price-to-earnings ratio of 18.89, a PEG ratio of 1.81 and a beta of 1.17. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company had revenue of $695.90 million during the quarter, compared to the consensus estimate of $679.77 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts expect that Crane will post 4.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, November 29th. Crane’s dividend payout ratio (DPR) is presently 59.19%.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the sale, the director now owns 2,110 shares in the company, valued at approximately $171,838.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP A D. Pantaleoni sold 4,650 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $83.11, for a total value of $386,461.50. Following the sale, the vice president now owns 1,076 shares in the company, valued at approximately $89,426.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,403 shares of company stock worth $1,896,288. 3.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC raised its holdings in Crane by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock worth $127,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Crane by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock worth $141,000 after buying an additional 140 shares during the period. Global X Management Co. LLC raised its holdings in Crane by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock worth $148,000 after buying an additional 1,282 shares during the period. Howe & Rusling Inc. raised its holdings in Crane by 88.5% during the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after buying an additional 1,057 shares during the period. Finally, ClariVest Asset Management LLC raised its holdings in Crane by 54.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock worth $182,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

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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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