Crane (NYSE:CR) Price Target Raised to $175.00 at Stifel Nicolaus

Crane (NYSE:CR - Free Report) had its price target increased by Stifel Nicolaus from $168.00 to $175.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the conglomerate's stock.

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.33.

Crane Trading Up 1.4 %

NYSE:CR traded up $2.27 during trading hours on Wednesday, reaching $161.41. The company's stock had a trading volume of 199,586 shares, compared to its average volume of 229,901. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 1.93 and a beta of 0.77. The firm has a 50-day simple moving average of $153.19 and a 200-day simple moving average of $147.21. Crane has a 1 year low of $82.57 and a 1 year high of $163.39.

Crane (NYSE:CR - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The conglomerate reported $1.30 EPS for the quarter, topping the consensus estimate of $1.24 by $0.06. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $568.33 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Research analysts expect that Crane will post 7.87 EPS for the current fiscal year.

Crane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.82 annualized dividend and a dividend yield of 0.51%. Crane's dividend payout ratio (DPR) is presently 21.98%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CR. Matrix Trust Co bought a new position in shares of Crane in the 3rd quarter worth approximately $25,000. Covestor Ltd grew its holdings in Crane by 150.6% in the first quarter. Covestor Ltd now owns 218 shares of the conglomerate's stock worth $30,000 after purchasing an additional 131 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Crane during the third quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in shares of Crane during the second quarter valued at approximately $31,000. Finally, UMB Bank n.a. raised its stake in Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate's stock valued at $35,000 after buying an additional 99 shares during the last quarter. 75.14% of the stock is currently 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.