Media coverage about Crane (NYSE:CR) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crane earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.4935780904427 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- Shipping company’s mobile crane arrives in Argentia (thetelegram.com)
- Manitowoc +5% as RBC upgrades, seeing signs of improved crane market (seekingalpha.com)
- Crane Co. : Earnings Review and Free Research Report: Crane’s EPS Gained 6%; Raised Earnings Guidance (4-traders.com)
- Leeds crane supplier makes debut acquisition (insidermedia.com)
- Police release names of 5 injured when SUV crashed into Crane Coffee (ketv.com)
A number of research analysts recently commented on the company. Boenning Scattergood restated a “hold” rating on shares of Crane in a research note on Tuesday, October 24th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $92.00 target price (up from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Wolfe Research lowered Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus upped their target price on Crane from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Bank of America Corporation increased their price objective on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.63.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The firm had revenue of $695.90 million during the quarter, compared to analysts’ expectations of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.32 annualized dividend and a yield of 1.59%. Crane’s dividend payout ratio is presently 59.19%.
In other Crane news, VP Edward S. Switter sold 7,000 shares of Crane stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $74.03, for a total value of $518,210.00. Following the completion of the transaction, the vice president now directly owns 23,873 shares of the company’s stock, valued at approximately $1,767,318.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Thayer Bigelow sold 6,000 shares of Crane stock in a transaction on Monday, August 28th. The shares were sold at an average price of $73.73, for a total value of $442,380.00. The disclosure for this sale can be found here. Insiders sold a total of 42,603 shares of company stock valued at $3,395,038 over the last ninety days. 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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