Crane Co. (NYSE:CR) VP Kristian Robert Salovaara sold 13,367 shares of Crane stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $89.53, for a total value of $1,196,747.51. Following the completion of the sale, the vice president now directly owns 34,863 shares in the company, valued at approximately $3,121,284.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:CR opened at $90.96 on Monday. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.61 and a beta of 1.31. Crane Co. has a twelve month low of $78.93 and a twelve month high of $102.65. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, October 22nd. The conglomerate reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.16. The firm had revenue of $855.80 million for the quarter, compared to analyst estimates of $855.87 million. Crane had a return on equity of 23.29% and a net margin of 6.76%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. Research analysts forecast that Crane Co. will post 5.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, November 29th. Crane’s dividend payout ratio (DPR) is 30.91%.
Several large investors have recently bought and sold shares of CR. KBC Group NV acquired a new position in shares of Crane during the 2nd quarter worth approximately $156,000. Sageworth Trust Co increased its position in shares of Crane by 466.7% during the 3rd quarter. Sageworth Trust Co now owns 1,700 shares of the conglomerate’s stock worth $167,000 after purchasing an additional 1,400 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Crane during the 3rd quarter worth approximately $209,000. Oppenheimer & Co. Inc. bought a new position in shares of Crane during the 3rd quarter worth approximately $221,000. Finally, Fruth Investment Management bought a new position in shares of Crane during the 3rd quarter worth approximately $226,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Crane from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research lowered Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. UBS Group lifted their target price on Crane from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, ValuEngine raised Crane from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $108.13.
Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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