Crane Company (NYSE:CR) VP A D. Pantaleoni sold 4,650 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $83.11, for a total value of $386,461.50. Following the transaction, the vice president now directly owns 1,076 shares of the company’s stock, valued at approximately $89,426.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Crane Company (NYSE:CR) traded up 0.36% during midday trading on Tuesday, hitting $83.12. The stock had a trading volume of 397,398 shares. The stock has a 50-day moving average price of $80.43 and a 200 day moving average price of $78.45. Crane Company has a 12-month low of $66.29 and a 12-month high of $86.67. The firm has a market cap of $4.95 billion, a P/E ratio of 37.87 and a beta of 1.11.
Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Crane had a return on equity of 20.70% and a net margin of 4.96%. The firm had revenue of $695.90 million during the quarter, compared to the consensus estimate of $679.77 million. During the same period in the previous year, the firm posted $1.07 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Crane Company will post $4.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. Crane’s dividend payout ratio is currently 59.19%.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Crane by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock worth $326,871,000 after purchasing an additional 95,817 shares during the last quarter. BlackRock Inc. raised its position in shares of Crane by 2.0% during the 2nd quarter. BlackRock Inc. now owns 4,077,492 shares of the conglomerate’s stock worth $323,668,000 after purchasing an additional 80,055 shares during the last quarter. State Street Corp raised its position in shares of Crane by 2.1% during the 2nd quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock worth $102,771,000 after purchasing an additional 26,771 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Crane by 115.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,273,069 shares of the conglomerate’s stock worth $101,056,000 after purchasing an additional 682,934 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Crane by 50.8% during the 3rd quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock worth $53,033,000 after purchasing an additional 223,225 shares during the last quarter. Hedge funds and other institutional investors own 68.92% of the company’s stock.
CR has been the subject of a number of research analyst reports. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Monday, July 17th. ValuEngine raised Crane from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Wolfe Research initiated coverage on Crane in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Scotiabank reissued a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $85.00 target price on shares of Crane in a report on Friday, July 14th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $81.63.
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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