Crane Co. (NYSE:CR) – DA Davidson issued their Q1 2018 earnings per share estimates for shares of Crane in a report issued on Wednesday. DA Davidson analyst M. Summerville forecasts that the conglomerate will post earnings of $1.29 per share for the quarter. DA Davidson has a “Buy” rating and a $108.00 price target on the stock. DA Davidson also issued estimates for Crane’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $5.52 EPS, Q1 2019 earnings at $1.47 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.18 EPS.
Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Crane had a net margin of 6.17% and a return on equity of 20.66%. The firm had revenue of $714.20 million during the quarter, compared to analyst estimates of $702.50 million. During the same quarter last year, the business posted $1.02 EPS. The company’s revenue was up 4.8% on a year-over-year basis.
Shares of Crane (CR) opened at $93.52 on Monday. The stock has a market cap of $5,444.41, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Crane has a 52 week low of $70.56 and a 52 week high of $102.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Wednesday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Crane’s previous quarterly dividend of $0.33. Crane’s payout ratio is presently 49.30%.
In related news, insider Brendan Curran sold 16,356 shares of Crane stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.87, for a total value of $1,535,337.72. Following the completion of the sale, the insider now owns 27,702 shares of the company’s stock, valued at approximately $2,600,386.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares of the company’s stock, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,861 shares of company stock valued at $4,476,647. 3.00% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. acquired a new stake in shares of Crane in the 3rd quarter valued at $344,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Crane by 51.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,695 shares of the conglomerate’s stock worth $240,000 after acquiring an additional 917 shares during the period. AXA raised its holdings in Crane by 3.6% in the 3rd quarter. AXA now owns 113,700 shares of the conglomerate’s stock worth $9,095,000 after acquiring an additional 4,000 shares during the period. Legal & General Group Plc raised its holdings in Crane by 9.8% in the 3rd quarter. Legal & General Group Plc now owns 59,302 shares of the conglomerate’s stock worth $4,744,000 after acquiring an additional 5,274 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Crane by 118.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,725 shares of the conglomerate’s stock worth $298,000 after acquiring an additional 2,017 shares during the period. 69.36% of the stock is owned by institutional investors and hedge funds.
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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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