Brokerages Set Crane (NYSE:CR) Target Price at $223.60

Crane (NYSE:CR) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $223.60.

CR has been the topic of several recent analyst reports. DA Davidson set a $235.00 target price on shares of Crane in a research note on Thursday, October 30th. Bank of America boosted their price target on shares of Crane from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their price objective on shares of Crane from $200.00 to $202.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Crane in a research note on Tuesday, November 25th.

Crane Stock Down 1.6%

NYSE CR opened at $180.35 on Friday. Crane has a 1-year low of $127.04 and a 1-year high of $203.89. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.93 and a beta of 1.22. The stock’s 50 day moving average is $184.03 and its two-hundred day moving average is $185.10. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 27th. The conglomerate reported $1.64 EPS for the quarter, beating the consensus estimate of $1.46 by $0.18. Crane had a return on equity of 24.45% and a net margin of 13.10%.The business had revenue of $589.20 million for the quarter, compared to analyst estimates of $578.54 million. During the same quarter in the previous year, the firm earned $1.38 EPS. Crane’s quarterly revenue was up .8% on a year-over-year basis. Crane has set its FY 2025 guidance at 5.750-5.950 EPS. Equities analysts forecast that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.92 dividend on an annualized basis and a yield of 0.5%. Crane’s payout ratio is currently 14.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC lifted its stake in Crane by 31.8% in the first quarter. Jump Financial LLC now owns 27,622 shares of the conglomerate’s stock valued at $4,231,000 after buying an additional 6,664 shares during the period. Raymond James Financial Inc. grew its position in shares of Crane by 17.6% during the 1st quarter. Raymond James Financial Inc. now owns 99,856 shares of the conglomerate’s stock worth $15,296,000 after buying an additional 14,914 shares during the period. HB Wealth Management LLC bought a new stake in shares of Crane in the 1st quarter valued at about $339,000. Pinnacle Wealth Management LLC acquired a new stake in shares of Crane in the 1st quarter valued at approximately $655,000. Finally, Brooklyn Investment Group boosted its stake in Crane by 35.7% during the 1st quarter. Brooklyn Investment Group now owns 809 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 213 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

About Crane

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.