Crane Company (CR) VP A D. Pantaleoni Sells 4,650 Shares of Stock
Crane Company (NYSE:CR) VP A D. Pantaleoni sold 4,650 shares of Crane stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $83.11, for a total value of $386,461.50. Following the completion of the sale, the vice president now owns 1,076 shares of the company’s stock, valued at $89,426.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Crane Company (NYSE CR) opened at 83.12 on Wednesday. The company has a market capitalization of $4.95 billion, a P/E ratio of 37.87 and a beta of 1.12. Crane Company has a one year low of $66.29 and a one year high of $86.67. The firm has a 50-day moving average of $80.66 and a 200-day moving average of $78.48.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business 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 business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. On average, analysts anticipate that Crane Company will post $4.52 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 paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, November 29th. Crane’s payout ratio is presently 59.19%.
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Several analysts recently weighed in on CR shares. BidaskClub downgraded Crane from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded Crane from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Wolfe Research started coverage on Crane in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective on shares of Crane in a report on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.63.
Several institutional investors and hedge funds have recently made changes to their positions in CR. Acrospire Investment Management LLC boosted its stake in shares of Crane by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock valued at $127,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Crane by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after buying an additional 140 shares during the period. Global X Management Co. LLC boosted its stake in shares of Crane by 221.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock valued at $148,000 after buying an additional 1,282 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Crane by 88.5% in the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after buying an additional 1,057 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Crane in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 68.92% 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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