Can Crane Holdings Co. (CR) stock recover despite sales dropping?

In yesterday’s Wall Street session, Crane Holdings Co. (NYSE:CR) shares traded at $111.37, up 0.66% from the previous session.

7 analysts cover Crane Holdings Co. (NYSE:CR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $129.00, we find $133.00. Given the previous closing price of $110.64, this indicates a potential upside of 20.21 percent. CR stock price is now -2.16% away from the 50-day moving average and 10.51% away from the 200-day moving average. The market capitalization of the company currently stands at $6.67B.

The stock has received a hold rating from 2 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $136.80 as their price target over the next twelve months.

With the price target enhanced from $116 to $129, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Crane Holdings Co. (NYSE: CR). On December 03, 2021, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $111, while ‘BofA Securities’ rates the stock as ‘Buy’.

In other news, Switter Edward S, V.P. Treasury & Tax sold 49,409 shares of the company’s stock on Feb 28. The stock was sold for $5,923,151 at an average price of $119.88. Upon completion of the transaction, the V.P. Treasury & Tax now directly owns 25,174 shares in the company, valued at $2.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07, Senior Vice President Gallo Kurt F. sold 8,263 shares of the business’s stock. A total of $983,545 was realized by selling the stock at an average price of $119.03. This leaves the insider owning 289 shares of the company worth $32185.93. Insiders disposed of 278,589 shares of company stock worth roughly $31.03 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in CR stock. A new stake in Crane Holdings Co. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $32,313,000. CLEARBRIDGE INVESTMENTS, LLC invested $13,002,000 in shares of CR during the first quarter. In the first quarter, RIVERMONT CAPITAL MANAGEMENT LP acquired a new stake in Crane Holdings Co. valued at approximately $8,503,000. TWINBEECH CAPITAL LP acquired a new stake in CR for approximately $4,034,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in CR valued at around $3,833,000 in the second quarter. In total, there are 487 active investors with 71.80% ownership of the company’s stock.

On Monday morning Crane Holdings Co. (NYSE: CR) stock kicked off with the opening price of $109.10. During the past 12 months, Crane Holdings Co. has had a low of $82.14 and a high of $123.78. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.40, and a quick ratio of 1.00. The fifty day moving average price for CR is $113.82 and a two-hundred day moving average price translates $100.78 for the stock.

The latest earnings results from Crane Holdings Co. (NYSE: CR) was released for Dec, 2022. The net profit margin was 16.80% and return on equity was 31.20% for CR. The company reported revenue of $894.4 million for the quarter, compared to $879.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.74 percent. For the current quarter, analysts expect CR to generate $819.72M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/08/2023. Investors who held shares on 02/28/2023 were paid a $0.47 dividend. On an annualized basis, this represents a $1.88 dividend and a 1.69% percent yield. There was an ex-dividend date of 02/27/2023 for this dividend. In terms of dividend payout ratio, CR is presently at 13.80%.

Crane Holdings Co.(CR) Company Profile

Crane Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment provides engineered fluid handling equipment for mission critical applications. It offers process valves and related products, commercial valves, and pumps and systems. The Payment & Merchandising Technologies segment provides high technology payment acceptance and dispensing products to original equipment manufacturers, and for certain vertical markets. This segment also offers currency handling and processing systems, cash and cashless payment and merchandising solutions, equipment service solutions, and connected managed service solutions. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles and in commercial and industrial buildings applications. It provides products and solutions to customers across end markets, including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a range of general industrial and consumer applications. The company was formerly known as Crane Co. and changed its name to Crane Holdings Co. in May 2022. Crane Holdings Co. was founded in 1855 and is based in Stamford, Connecticut.