Crane (NYSE:CR) Price Target Raised to $157.00 at UBS Group

Crane (NYSE:CR) had its price objective raised by UBS Group from $152.00 to $157.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the conglomerate’s stock.

CR has been the topic of a number of other research reports. Stifel Nicolaus downgraded Crane from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.00.

Crane Stock Up 2.7 %

Shares of CR stock opened at $155.12 on Friday. The stock’s fifty day moving average price is $167.67 and its 200 day moving average price is $156.92. Crane has a 1-year low of $110.49 and a 1-year high of $188.52. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $597.20 million for the quarter, compared to analyst estimates of $594.45 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, research analysts expect that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, November 29th. This represents a $0.82 annualized dividend and a yield of 0.53%. Crane’s dividend payout ratio (DPR) is 18.06%.

Institutional Investors Weigh In On Crane

A number of hedge funds and other institutional investors have recently modified their holdings of CR. Matrix Trust Co acquired a new position in shares of Crane in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC purchased a new stake in Crane in the third quarter valued at $28,000. ORG Wealth Partners LLC acquired a new position in Crane in the third quarter valued at $30,000. UMB Bank n.a. increased its position in shares of Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Crane in the 3rd quarter valued at about $37,000. 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.