Crane Co. (NYSE:CR) has been assigned an average rating of “Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.25.

A number of analysts have weighed in on the company. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a report on Sunday. Scotiabank reiterated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Seaport Global Securities upgraded Crane from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $95.00 in a report on Thursday, October 26th. Bank of America increased their price objective on shares of Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Crane in a research report on Friday, November 3rd.

In related news, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $86.28, for a total value of $960,296.40. Following the transaction, the vice president now owns 84,116 shares of the company’s stock, valued at approximately $7,257,528.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James L. L Tullis sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the completion of the transaction, the director now directly owns 2,110 shares in the company, valued at approximately $171,838.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,403 shares of company stock worth $1,896,288 in the last three months. Insiders own 3.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of CR. Sei Investments Co. lifted its position in shares of Crane by 1,646.2% during the 2nd quarter. Sei Investments Co. now owns 8,731 shares of the conglomerate’s stock worth $693,000 after buying an additional 8,231 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Crane by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 317,203 shares of the conglomerate’s stock worth $25,180,000 after buying an additional 32,036 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Crane by 1.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 9,955 shares of the conglomerate’s stock worth $790,000 after buying an additional 190 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Crane by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 642,497 shares of the conglomerate’s stock worth $51,002,000 after buying an additional 11,670 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Crane by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 54,028 shares of the conglomerate’s stock worth $4,288,000 after buying an additional 3,894 shares in the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crane (CR) opened at $89.22 on Monday. 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 has a 1-year low of $67.62 and a 1-year high of $90.71. The firm has a market capitalization of $5,295.20, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Thursday, November 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.48%. Crane’s dividend payout ratio (DPR) is presently 59.19%.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/01/crane-co-cr-given-average-recommendation-of-buy-by-brokerages.html.

About Crane

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)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.