Media headlines about Crane (NYSE:CR) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Crane earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 46.7920904864668 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Crane (CR) Updates FY18 Earnings Guidance (americanbankingnews.com)
- Crane (CR) Issues FY17 Earnings Guidance (americanbankingnews.com)
- New England Manitowoc crane dealer marks 60th year (equipmentworld.com)
- Navy SEAL veteran’s company attracts Shark Tank investors (foxbusiness.com)
- Thackray Crane Rental, Inc. Is Renting out Industry Tools, Trucking, and Transportation (sbwire.com)
A number of brokerages have weighed in on CR. Canaccord Genuity reaffirmed a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Seaport Global Securities raised shares of Crane from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $95.00 in a research note on Thursday, October 26th. Bank of America lifted their price target on shares of Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Finally, Wolfe Research lowered shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $93.33.
Shares of Crane (NYSE CR) opened at $82.54 on Wednesday. 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 $4,979.46, a price-to-earnings ratio of 19.20, a PEG ratio of 1.84 and a beta of 1.17. Crane has a 1 year low of $67.62 and a 1 year high of $86.67.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $695.90 million for the quarter, compared to analyst estimates of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. research analysts forecast that Crane will post 4.53 EPS for the current year.
The firm 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, November 29th. Crane’s dividend payout ratio is presently 59.19%.
In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the sale, the vice president now directly owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. L. Tullis sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the completion of the transaction, the director now owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Insiders have sold 22,403 shares of company stock worth $1,896,288 over the last ninety days. Insiders own 3.10% of the company’s stock.
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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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