Crane Co. (NYSE:CR) Director Donald G. Cook Sells 500 Shares

Crane Co. (NYSE:CR) Director Donald G. Cook sold 500 shares of Crane stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $94.87, for a total transaction of $47,435.00. Following the transaction, the director now owns 3,837 shares in the company, valued at approximately $364,016.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of CR stock opened at $98.54 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 259.32 and a beta of 1.65. Crane Co. has a 12-month low of $46.67 and a 12-month high of $99.93. The stock’s 50-day moving average price is $95.19 and its 200-day moving average price is $81.52.

Crane (NYSE:CR) last released its quarterly earnings data on Sunday, May 2nd. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.35. The business had revenue of $833.50 million for the quarter, compared to the consensus estimate of $771.33 million. Crane had a return on equity of 18.09% and a net margin of 0.71%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. As a group, research analysts predict that Crane Co. will post 3.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 9th. Investors of record on Friday, May 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, May 27th. Crane’s payout ratio is 28.57%.

A number of hedge funds have recently added to or reduced their stakes in CR. Jones Financial Companies Lllp bought a new stake in Crane during the first quarter worth approximately $27,000. Inspire Advisors LLC bought a new position in shares of Crane during the 4th quarter valued at approximately $30,000. Ellevest Inc. lifted its position in Crane by 136.9% in the fourth quarter. Ellevest Inc. now owns 514 shares of the conglomerate’s stock worth $40,000 after buying an additional 297 shares during the last quarter. CI Investments Inc. boosted its stake in Crane by 55.6% during the fourth quarter. CI Investments Inc. now owns 571 shares of the conglomerate’s stock worth $44,000 after buying an additional 204 shares during the period. Finally, Concord Wealth Partners purchased a new position in Crane during the fourth quarter worth $61,000. Institutional investors and hedge funds own 65.86% of the company’s stock.

Several equities analysts have recently commented on the company. DA Davidson boosted their price objective on Crane from $85.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, May 5th. Canaccord Genuity upped their price target on Crane from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 10th. Finally, Zacks Investment Research raised shares of Crane from a “sell” rating to a “hold” rating and set a $80.00 price objective for the company in a report on Thursday, January 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Crane presently has an average rating of “Buy” and an average price target of $89.50.

Crane Company Profile

Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.

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