Shares of Crane Co. (NYSE:CR) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $94.43.
Several analysts recently weighed in on CR shares. DA Davidson restated a “buy” rating and set a $96.15 target price (down previously from $110.00) on shares of Crane in a research note on Tuesday, July 27th. Bank of America assumed coverage on Crane in a research report on Wednesday, September 8th. They issued a “buy” rating and a $123.00 price objective for the company.
In related news, SVP Kurt F. Gallo sold 5,000 shares of the firm’s stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $98.01, for a total transaction of $490,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kurt F. Gallo sold 2,500 shares of Crane stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $103.74, for a total value of $259,350.00. Following the completion of the sale, the senior vice president now directly owns 2,500 shares of the company’s stock, valued at $259,350. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock valued at $1,297,468 in the last 90 days. 3.00% of the stock is owned by corporate insiders.
Shares of NYSE:CR opened at $94.92 on Friday. The business has a 50 day moving average price of $96.73 and a 200 day moving average price of $94.58. Crane has a twelve month low of $48.19 and a twelve month high of $104.74. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.81 and a beta of 1.70. The company has a quick ratio of 1.60, a current ratio of 2.20 and a debt-to-equity ratio of 0.49.
Crane (NYSE:CR) last announced its earnings results on Sunday, July 25th. The conglomerate reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.44. Crane had a return on equity of 20.48% and a net margin of 11.33%. The firm had revenue of $796.40 million during the quarter, compared to the consensus estimate of $736.45 million. Analysts anticipate that Crane will post 6.13 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Tuesday, August 31st were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 1.81%. Crane’s dividend payout ratio (DPR) is presently 44.79%.
Crane Company Profile
Crane Co engages in the manufacturing of engineered industrial products. It operates through the following business segments: Fluid Handling; Payment and Merchandising Technologies; Aerospace and Electronics; and Engineered Materials. The Fluid Handling segment provides industrial fluid control products and systems.
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