Somewhat Positive Media Coverage Somewhat Unlikely to Impact Crane (CR) Stock Price

News headlines about Crane (NYSE:CR) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crane earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 45.5402181462141 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s analysis:

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Shares of NYSE CR traded down $2.79 during midday trading on Friday, hitting $90.23. The stock had a trading volume of 167,561 shares, compared to its average volume of 226,007. The stock has a market capitalization of $5,381.77, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Crane has a fifty-two week low of $71.23 and a fifty-two week high of $102.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81.

Crane (NYSE:CR) last posted its quarterly earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. Crane had a return on equity of 20.66% and a net margin of 6.17%. The business had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. equities research analysts forecast that Crane will post 5.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th were given a $0.35 dividend. This is a positive change from Crane’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, February 27th. Crane’s dividend payout ratio (DPR) is currently 30.91%.

CR has been the subject of several analyst reports. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Boenning Scattergood restated a “neutral” rating on shares of Crane in a research report on Monday, February 26th. Bank of America raised their target price on Crane from $104.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. UBS initiated coverage on Crane in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $100.00 target price for the company. Finally, AltaCorp Capital reaffirmed a “buy” rating on shares of Crane in a report on Monday, January 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $106.50.

In other news, VP Augustus I. Dupont sold 16,396 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $97.74, for a total value of $1,602,545.04. Following the sale, the vice president now directly owns 102,994 shares in the company, valued at $10,066,633.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brendan Curran sold 16,356 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.87, for a total value of $1,535,337.72. Following the completion of the sale, the insider now owns 27,702 shares in the company, valued at $2,600,386.74. The disclosure for this sale can be found here. Insiders sold a total of 46,861 shares of company stock worth $4,476,647 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

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About Crane

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.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

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