Crane Company (NYSE:CR) VP Augustus I. Dupont sold 3,556 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $83.89, for a total value of $298,312.84. Following the transaction, the vice president now directly owns 80,560 shares in the company, valued at $6,758,178.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Crane Company (NYSE CR) opened at $82.67 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 1.96. The firm has a market cap of $4,906.46, a PE ratio of 18.92, a PEG ratio of 1.81 and a beta of 1.17. Crane Company has a 52 week low of $67.62 and a 52 week high of $86.67.
Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company had revenue of $695.90 million during the quarter, compared to the consensus estimate of $679.77 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. research analysts anticipate that Crane Company will post 4.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.32 annualized dividend and a yield of 1.60%. Crane’s dividend payout ratio is currently 59.19%.
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A number of equities analysts have weighed in on CR shares. Wolfe Research downgraded shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Seaport Global Securities raised shares of Crane from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Crane in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $84.00 price target on shares of Crane in a research note on Wednesday, October 4th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $92.14.
A number of institutional investors and hedge funds have recently made changes to their positions in CR. UBS Asset Management Americas Inc. grew its stake in shares of Crane by 8.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,939 shares of the conglomerate’s stock worth $2,839,000 after purchasing an additional 3,011 shares during the period. OppenheimerFunds Inc. lifted its holdings in Crane by 19.0% in the 1st quarter. OppenheimerFunds Inc. now owns 9,227 shares of the conglomerate’s stock valued at $690,000 after purchasing an additional 1,476 shares in the last quarter. Wellington Management Group LLP purchased a new position in Crane in the 1st quarter valued at about $831,000. Legal & General Group Plc lifted its holdings in Crane by 55.7% in the 1st quarter. Legal & General Group Plc now owns 50,134 shares of the conglomerate’s stock valued at $3,751,000 after purchasing an additional 17,930 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Crane by 8.1% in the 1st quarter. Geode Capital Management LLC now owns 387,826 shares of the conglomerate’s stock valued at $29,021,000 after purchasing an additional 29,007 shares in the last quarter. 69.02% of the stock is currently owned by institutional investors.
Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.
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