Crane Co. (NYSE:CR) VP James A. Lavish sold 5,150 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $84.94, for a total value of $437,441.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE CR traded down $0.18 during trading hours on Thursday, hitting $85.12. 20,891 shares of the company’s stock traded hands, compared to its average volume of 396,772. Crane Co. has a 52-week low of $67.18 and a 52-week high of $100.14. The company has a current ratio of 1.84, a quick ratio of 1.28 and a debt-to-equity ratio of 0.62. The stock has a market cap of $5.07 billion, a PE ratio of 14.21, a P/E/G ratio of 2.13 and a beta of 1.42.
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Crane (NYSE:CR) last released its earnings results on Monday, January 28th. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.10. Crane had a net margin of 10.03% and a return on equity of 24.54%. The company had revenue of $839.70 million for the quarter, compared to analyst estimates of $862.96 million. During the same period in the prior year, the business earned $1.18 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Crane Co. will post 6.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Thursday, February 28th will be paid a $0.39 dividend. This is a boost from Crane’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 1.83%. Crane’s dividend payout ratio (DPR) is 23.37%.
A number of institutional investors and hedge funds have recently made changes to their positions in CR. Penserra Capital Management LLC acquired a new position in shares of Crane in the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC purchased a new position in shares of Crane in the fourth quarter valued at $42,000. Enlightenment Research LLC acquired a new stake in Crane in the fourth quarter valued at $43,000. SRS Capital Advisors Inc. raised its holdings in Crane by 183.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 749 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 485 shares in the last quarter. Finally, ETF Managers Group LLC raised its holdings in Crane by 17.3% in the fourth quarter. ETF Managers Group LLC now owns 1,422 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.
A number of brokerages recently commented on CR. GMP Securities reaffirmed a “hold” rating on shares of Crane in a report on Thursday, February 14th. CIBC reaffirmed a “hold” rating and issued a $1.50 target price on shares of Crane in a report on Friday, February 1st. Seaport Global Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of Crane in a report on Wednesday, January 30th. ValuEngine raised Crane from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Stifel Nicolaus set a $100.00 price target on Crane and gave the company a “buy” rating in a report on Tuesday, January 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $88.66.
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Crane Company Profile
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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