Crane (NYSE:CR) Given a $215.00 Price Target by UBS Group Analysts

Crane (NYSE:CR) has been assigned a $215.00 target price by investment analysts at UBS Group in a report released on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. UBS Group’s target price would suggest a potential upside of 15.23% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $186.00 price objective on shares of Crane and gave the stock a “buy” rating in a report on Monday, April 14th. Wall Street Zen downgraded shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. DA Davidson reissued a “buy” rating and set a $200.00 price objective on shares of Crane in a report on Tuesday, March 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Crane from $144.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $197.75.

Crane Trading Down 0.0%

Shares of Crane stock opened at $186.58 on Tuesday. Crane has a 52-week low of $127.04 and a 52-week high of $191.00. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $161.52 and its 200-day simple moving average is $161.66. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, April 28th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $557.60 million for the quarter, compared to analyst estimates of $546.93 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. As a group, equities research analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Insider Buying and Selling at Crane

In other news, SVP Jason D. Feldman sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total value of $230,230.00. Following the completion of the transaction, the senior vice president now owns 9,796 shares of the company’s stock, valued at $1,734,871.60. The trade was a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.12% of the company’s stock.

Hedge Funds Weigh In On Crane

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Crane by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate’s stock valued at $2,371,000 after buying an additional 65 shares during the last quarter. Bleakley Financial Group LLC increased its position in Crane by 5.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate’s stock worth $221,000 after purchasing an additional 71 shares during the last quarter. Cetera Investment Advisers increased its position in Crane by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 8,196 shares of the conglomerate’s stock worth $1,244,000 after purchasing an additional 74 shares during the last quarter. EP Wealth Advisors LLC increased its position in Crane by 3.1% during the first quarter. EP Wealth Advisors LLC now owns 2,445 shares of the conglomerate’s stock worth $375,000 after purchasing an additional 74 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in Crane by 4.2% during the fourth quarter. NorthRock Partners LLC now owns 1,954 shares of the conglomerate’s stock worth $297,000 after purchasing an additional 79 shares during 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.