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

Crane (NYSE:CR) had its target price hoisted by UBS Group from $152.00 to $157.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the conglomerate’s stock.

CR has been the subject of a number of other reports. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crane from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.00.

Crane Trading Up 2.7 %

NYSE:CR opened at $155.12 on Friday. The company’s 50 day moving average is $167.67 and its 200-day moving average is $157.12. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 12 month low of $110.49 and a 12 month high of $188.52. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.93 and a beta of 1.22.

Crane (NYSE:CR) last announced its earnings results on Monday, October 28th. The conglomerate reported $1.38 EPS for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $594.45 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts anticipate that Crane will post 7.87 EPS for the current year.

Crane Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CR. Dimensional Fund Advisors LP grew its stake in shares of Crane by 10.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 771,709 shares of the conglomerate’s stock valued at $111,882,000 after purchasing an additional 70,297 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Crane by 16.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 655,470 shares of the conglomerate’s stock valued at $103,748,000 after buying an additional 91,029 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Crane by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 585,718 shares of the conglomerate’s stock valued at $92,707,000 after acquiring an additional 3,188 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Crane by 12.5% during the second quarter. Driehaus Capital Management LLC now owns 384,588 shares of the conglomerate’s stock valued at $55,758,000 after acquiring an additional 42,743 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Crane by 11.9% in the 2nd quarter. AQR Capital Management LLC now owns 192,452 shares of the conglomerate’s stock valued at $27,902,000 after purchasing an additional 20,518 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.