Crane Company (NYSE:CR) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the Thomson Reuters consensus estimate of $4.51.
Several brokerages have issued reports on CR. Wolfe Research raised shares of Crane from a market perform rating to an outperform rating in a research report on Monday, August 14th. BidaskClub raised shares of Crane from a hold rating to a buy rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of Crane from a buy rating to a hold rating in a report on Thursday, July 27th. William Blair raised shares of Crane from a market perform rating to an outperform rating in a report on Tuesday, April 25th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $85.00 target price on shares of Crane in a report on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Crane currently has a consensus rating of Buy and an average target price of $76.88.
Shares of Crane Company (NYSE:CR) opened at 73.49 on Friday. The firm has a market cap of $4.38 billion, a PE ratio of 33.48 and a beta of 1.10. Crane Company has a 52 week low of $59.81 and a 52 week high of $84.34. The company has a 50 day moving average of $78.52 and a 200 day moving average of $76.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.80%. Crane’s dividend payout ratio (DPR) is 60.83%.
In other news, VP Kristian Robert Salovaara sold 9,200 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.20, for a total transaction of $701,040.00. Following the completion of the transaction, the vice president now owns 24,786 shares in the company, valued at approximately $1,888,693.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
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Crane Company Profile
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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