Headlines about Crane (NYSE:CR) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crane earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the conglomerate an impact score of 45.5402181462141 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several research firms have issued reports on CR. Canaccord Genuity restated a “buy” rating and set a $110.00 target price on shares of Crane in a research note on Monday. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Crane in a research note on Tuesday, January 30th. Finally, Oppenheimer reiterated a “buy” rating and issued a $105.00 price objective (up previously from $92.00) on shares of Crane in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Crane has an average rating of “Buy” and an average target price of $106.29.
Crane (NYSE CR) traded up $0.21 during trading on Friday, reaching $94.73. 354,283 shares of the company traded hands, compared to its average volume of 304,488. The stock has a market cap of $5,635.27, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.23. Crane has a one year low of $70.56 and a one year high of $102.65. The company has a quick ratio of 1.40, a current ratio of 1.81 and a debt-to-equity ratio of 0.37.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. Crane had a net margin of 6.17% and a return on equity of 20.66%. The business had revenue of $714.20 million during the quarter, compared to analyst estimates of $702.50 million. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 4.8% on a year-over-year basis. analysts predict that Crane will post 5.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.35 per share. This is a positive change from Crane’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, February 27th. Crane’s dividend payout ratio (DPR) is 49.30%.
In related news, VP Augustus I. Dupont sold 16,396 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total value of $1,602,545.04. Following the completion of the transaction, the vice president now directly owns 102,994 shares of the company’s stock, valued at $10,066,633.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brendan Curran sold 16,356 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.87, for a total transaction of $1,535,337.72. Following the completion of the transaction, the insider now directly owns 27,702 shares of the company’s stock, valued at $2,600,386.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,861 shares of company stock valued at $4,476,647. 3.10% of the stock is currently owned by 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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