Headlines about Crane (NYSE:CR) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crane earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.7938709881645 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
A number of research firms have issued reports on CR. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Wolfe Research cut shares of Crane from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Boenning Scattergood reissued a “hold” rating on shares of Crane in a report on Monday, October 2nd. Royal Bank of Canada reissued a “hold” rating on shares of Crane in a report on Monday, September 25th. Finally, ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.83.
Shares of Crane (NYSE:CR) traded down $0.30 during midday trading on Thursday, hitting $84.82. 366,599 shares of the stock traded hands, compared to its average volume of 316,596. The firm has a market capitalization of $5,045.93, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. Crane has a 1-year low of $67.62 and a 1-year high of $87.38. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $695.90 million for the quarter, compared to analyst estimates of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. Crane’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. equities analysts expect that Crane will post 4.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Thursday, November 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.32 dividend on an annualized basis and a yield of 1.56%. Crane’s payout ratio is presently 59.19%.
In other Crane news, Director E Thayer Bigelow sold 1,067 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $82.79, for a total value of $88,336.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Augustus I. Dupont sold 11,130 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the transaction, the vice president now owns 84,116 shares in the company, valued at $7,257,528.48. The disclosure for this sale can be found here. Insiders sold a total of 22,403 shares of company stock worth $1,896,288 over the last quarter. 3.10% of the stock is currently owned by company insiders.
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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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