Crane (NYSE:CR) had its price objective hoisted by Buckingham Research from $101.00 to $102.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the conglomerate’s stock.

A number of other research analysts have also weighed in on CR. Zacks Investment Research raised Crane from a sell rating to a hold rating in a report on Thursday, January 24th. William Blair lowered Crane from an outperform rating to a market perform rating and set a $79.14 price objective on the stock. in a report on Tuesday, January 29th. They noted that the move was a valuation call. Stifel Nicolaus set a $100.00 price objective on Crane and gave the stock a buy rating in a report on Tuesday, January 29th. ValuEngine raised Crane from a sell rating to a hold rating in a report on Tuesday, January 29th. Finally, Seaport Global Securities reaffirmed a buy rating and set a $105.00 price objective on shares of Crane in a report on Wednesday, January 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $96.45.

Shares of NYSE:CR traded down $0.81 during trading on Tuesday, reaching $85.44. The company had a trading volume of 601 shares, compared to its average volume of 264,555. The firm has a market cap of $5.17 billion, a P/E ratio of 14.27, a PEG ratio of 2.14 and a beta of 1.35. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Crane has a fifty-two week low of $67.18 and a fifty-two week high of $100.14.

Crane (NYSE:CR) last released its earnings results on Monday, April 29th. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $831.70 million for the quarter, compared to analyst estimates of $792.39 million. Crane had a return on equity of 24.49% and a net margin of 10.34%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. Research analysts forecast that Crane will post 6.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 31st will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.56 dividend on an annualized basis and a yield of 1.83%. Crane’s payout ratio is 26.04%.

In other Crane news, insider Louis V. Pinkham sold 55,103 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $85.03, for a total transaction of $4,685,408.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James A. Lavish sold 5,150 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $84.94, for a total value of $437,441.00. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Crane by 17.7% in the fourth quarter. BlackRock Inc. now owns 7,150,304 shares of the conglomerate’s stock valued at $516,111,000 after acquiring an additional 1,073,105 shares in the last quarter. Norges Bank purchased a new stake in shares of Crane in the fourth quarter valued at $44,701,000. Vulcan Value Partners LLC lifted its position in shares of Crane by 107,582.1% in the first quarter. Vulcan Value Partners LLC now owns 283,204 shares of the conglomerate’s stock valued at $23,965,000 after acquiring an additional 282,941 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Crane by 250.2% in the third quarter. Nordea Investment Management AB now owns 185,258 shares of the conglomerate’s stock valued at $18,220,000 after acquiring an additional 132,354 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Crane in the fourth quarter valued at $7,367,000. Institutional investors own 69.16% of the company’s stock.

Crane Company Profile

Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

Further Reading: Debt-To-Equity Ratio

Analyst Recommendations for Crane (NYSE:CR)

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