Crane (NYSE:CR) Given New $226.00 Price Target at Deutsche Bank Aktiengesellschaft

Crane (NYSE:CR) had its price objective upped by investment analysts at Deutsche Bank Aktiengesellschaft from $187.00 to $226.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 21.13% from the company’s current price.

Several other equities analysts have also weighed in on CR. Wall Street Zen lowered shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stifel Nicolaus raised their target price on shares of Crane from $144.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 30th. UBS Group set a $215.00 target price on shares of Crane and gave the stock a “buy” rating in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and issued a $200.00 target price on shares of Crane in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $197.75.

Crane Stock Performance

NYSE:CR opened at $186.58 on Tuesday. Crane has a twelve month low of $127.04 and a twelve month high of $191.00. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $161.52 and a 200-day moving average of $161.66. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, April 28th. The conglomerate reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $557.60 million during the quarter, compared to analyst estimates of $546.93 million. During the same quarter last year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jason D. Feldman sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total transaction of $230,230.00. Following the completion of the sale, the senior vice president now directly owns 9,796 shares in the company, valued at approximately $1,734,871.60. This trade represents a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Crane

Several institutional investors have recently made changes to their positions in CR. Huntington National Bank raised its position in Crane by 487.8% during the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC raised its position in Crane by 104.8% during the first quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 131 shares in the last quarter. Westpac Banking Corp bought a new position in Crane during the first quarter valued at approximately $76,000. Fifth Third Bancorp raised its position in Crane by 31.4% during the first quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate’s stock valued at $87,000 after acquiring an additional 136 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Crane by 17.8% during the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 88 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Crane Company Profile

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.