Crane Co. (CR) Given Average Recommendation of “Buy” by Brokerages
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.
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%.
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.
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