Crane Company (NYSE:CR) Director E Thayer Bigelow sold 1,067 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $82.79, for a total value of $88,336.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
E Thayer Bigelow also recently made the following trade(s):
- On Monday, August 28th, E Thayer Bigelow sold 6,000 shares of Crane stock. The stock was sold at an average price of $73.73, for a total value of $442,380.00.
Shares of Crane Company (NYSE:CR) opened at 83.12 on Wednesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 37.87 and a beta of 1.12. The stock’s 50 day moving average price is $80.66 and its 200 day moving average price is $78.48. Crane Company has a 52 week low of $66.29 and a 52 week high of $86.67.
Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company had revenue of $695.90 million for the quarter, compared to analyst estimates of $679.77 million. During the same quarter last year, the business earned $1.07 earnings per share. Crane’s revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Crane Company will post $4.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. Crane’s payout ratio is currently 59.19%.
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Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Crane by 2.4% during the second quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock valued at $326,871,000 after acquiring an additional 95,817 shares during the period. BlackRock Inc. increased its stake in shares of Crane by 2.0% during the second quarter. BlackRock Inc. now owns 4,077,492 shares of the conglomerate’s stock valued at $323,668,000 after acquiring an additional 80,055 shares during the period. State Street Corp increased its stake in shares of Crane by 2.1% during the second quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock valued at $102,771,000 after acquiring an additional 26,771 shares during the period. Principal Financial Group Inc. increased its stake in shares of Crane by 115.7% during the second quarter. Principal Financial Group Inc. now owns 1,273,069 shares of the conglomerate’s stock valued at $101,056,000 after acquiring an additional 682,934 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Crane by 50.8% during the third quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock valued at $53,033,000 after acquiring an additional 223,225 shares during the period. Institutional investors own 68.92% of the company’s stock.
Several research firms have issued reports on CR. Wolfe Research cut Crane from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Seaport Global Securities upgraded Crane from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Crane in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $84.00 target price on shares of Crane in a research report on Wednesday, October 4th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $92.00 target price (up previously from $88.00) on shares of Crane in a research report on Wednesday, October 25th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price 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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