Shares of Crane Co. (NYSE:CR) have received an average rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $96.03.
Several analysts have weighed in on the company. Zacks Investment Research cut Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of Lumentum in a report on Thursday, April 11th. Finally, Buckingham Research lowered their price target on Crane from $102.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th.
CR traded up $1.61 during trading on Friday, reaching $83.10. 235,200 shares of the company were exchanged, compared to its average volume of 294,314. The company has a 50-day simple moving average of $80.94. The stock has a market cap of $4.94 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.95. Crane has a 12-month low of $67.18 and a 12-month high of $100.14.
Crane (NYSE:CR) last issued its quarterly earnings data on Monday, April 29th. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Crane had a return on equity of 24.49% and a net margin of 10.34%. The business had revenue of $831.70 million for the quarter, compared to analysts’ expectations of $792.39 million. During the same quarter in the prior year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Crane will post 6.4 earnings per share for the current year.
In other Crane news, Director James L. L Tullis purchased 1,000 shares of the stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $78.13 per share, with a total value of $78,130.00. Following the acquisition, the director now directly owns 1,110 shares in the company, valued at approximately $86,724.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.39% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Parametrica Management Ltd bought a new position in Crane during the 4th quarter worth approximately $222,000. Swiss National Bank grew its position in Crane by 2.7% during the 1st quarter. Swiss National Bank now owns 86,600 shares of the conglomerate’s stock worth $7,328,000 after acquiring an additional 2,300 shares during the last quarter. Vanguard Group Inc grew its position in Crane by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 4,426,179 shares of the conglomerate’s stock worth $435,315,000 after acquiring an additional 41,941 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Crane by 48.1% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,340 shares of the conglomerate’s stock worth $367,000 after acquiring an additional 1,410 shares during the last quarter. Finally, Burney Co. bought a new position in Crane during the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 69.48% 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.
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