Crane Co. (NYSE:CR) Director E Thayer Bigelow sold 1,125 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.74, for a total value of $106,582.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Crane Co. (NYSE:CR) traded down $0.89 during mid-day trading on Tuesday, reaching $93.70. The company’s stock had a trading volume of 286,400 shares, compared to its average volume of 344,574. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81. The company has a market capitalization of $5,580.00, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. Crane Co. has a 12-month low of $70.56 and a 12-month high of $102.65.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The firm had revenue of $714.20 million during the quarter, compared to the consensus estimate of $702.50 million. Crane had a return on equity of 20.66% and a net margin of 6.17%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. equities analysts forecast that Crane Co. will post 5.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. This is an increase from Crane’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, February 27th. Crane’s dividend payout ratio (DPR) is currently 46.48%.
A number of hedge funds have recently bought and sold shares of CR. FMR LLC grew its stake in Crane by 338.8% in the second quarter. FMR LLC now owns 202,628 shares of the conglomerate’s stock valued at $16,085,000 after purchasing an additional 156,454 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Crane by 138.0% in the second quarter. Royal Bank of Canada now owns 11,872 shares of the conglomerate’s stock valued at $942,000 after buying an additional 6,883 shares during the last quarter. State Street Corp lifted its position in shares of Crane by 2.1% in the second quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock valued at $102,771,000 after buying an additional 26,771 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Crane by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 74,924 shares of the conglomerate’s stock valued at $5,948,000 after buying an additional 1,897 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Crane by 6.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,893 shares of the conglomerate’s stock valued at $1,103,000 after buying an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.
A number of research analysts recently issued reports on the company. Wolfe Research downgraded Crane from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Seaport Global Securities upgraded Crane from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $95.00 in a report on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Crane in a report on Tuesday, October 24th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Crane in a report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $106.28.
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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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