Crane Company (NYSE:CR) VP Augustus I. Dupont sold 11,130 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the sale, the vice president now owns 84,116 shares in the company, valued at approximately $7,257,528.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Crane Company (NYSE:CR) opened at $82.65 on Wednesday. Crane Company has a fifty-two week low of $67.62 and a fifty-two week high of $86.67. The company has a quick ratio of 1.96, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $4,896.37, a P/E ratio of 18.88, a P/E/G ratio of 1.81 and a beta of 1.17.
Crane (NYSE:CR) last posted its earnings results 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 net margin of 4.96% and a return on equity of 20.70%. The business had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $679.77 million. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. analysts predict that Crane Company will post 4.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, November 29th. Crane’s dividend payout ratio (DPR) is currently 59.19%.
CR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Crane from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Wolfe Research raised shares of Crane from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. BidaskClub downgraded shares of Crane from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Crane in a research report on Monday, September 25th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.14.
Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Crane during the 3rd quarter valued at $946,000. Caxton Associates LP purchased a new stake in shares of Crane during the 3rd quarter valued at $1,200,000. Vident Investment Advisory LLC purchased a new stake in shares of Crane during the 3rd quarter valued at $209,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Crane during the 3rd quarter valued at $280,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Crane during the 3rd quarter valued at $344,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.
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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