Crane Co. (NYSE:CR) Director James L. L. Tullis purchased 400 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $90.62 per share, with a total value of $36,248.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:CR traded up $2.16 during trading hours on Wednesday, hitting $93.01. The company had a trading volume of 271,300 shares, compared to its average volume of 301,335. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The stock has a market cap of $5.42 billion, a P/E ratio of 20.53, a PEG ratio of 1.61 and a beta of 1.31. Crane Co. has a 1 year low of $78.93 and a 1 year high of $102.65.
Crane (NYSE:CR) last issued its earnings results on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.16. The company had revenue of $855.80 million during the quarter, compared to analysts’ expectations of $855.87 million. Crane had a return on equity of 23.29% and a net margin of 6.76%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. On average, equities analysts anticipate that Crane Co. will post 5.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, November 29th. Crane’s dividend payout ratio (DPR) is presently 30.91%.
Institutional investors have recently made changes to their positions in the company. Laurion Capital Management LP acquired a new position in shares of Crane in the 2nd quarter valued at $1,939,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Crane by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 370,894 shares of the conglomerate’s stock valued at $29,720,000 after purchasing an additional 23,667 shares during the last quarter. Fruth Investment Management acquired a new position in shares of Crane in the 3rd quarter valued at $226,000. Dimensional Fund Advisors LP lifted its stake in shares of Crane by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 496,882 shares of the conglomerate’s stock valued at $39,815,000 after purchasing an additional 26,365 shares during the last quarter. Finally, Global X Management Co LLC lifted its stake in shares of Crane by 17.9% in the 2nd quarter. Global X Management Co LLC now owns 14,450 shares of the conglomerate’s stock valued at $1,158,000 after purchasing an additional 2,198 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on CR shares. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. UBS Group boosted their price target on Crane from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus boosted their price target on Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, ValuEngine upgraded Crane from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $108.13.
ILLEGAL ACTIVITY WARNING: This story was originally reported by Macon Daily and is owned by of Macon Daily. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://macondaily.com/2018/11/07/crane-co-cr-director-james-l-l-tullis-buys-400-shares.html.
Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in 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; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
Featured Article: Price to Earnings Ratio (PE), For Valuing Stocks
Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.