Crane (NYSE:CR) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Crane (NYSE:CR) from a hold rating to a sell rating in a research note issued to investors on Monday, July 29th, ValuEngine reports.

A number of other equities analysts also recently issued reports on CR. Zacks Investment Research upgraded Crane from a sell rating to a hold rating in a research report on Friday, May 3rd. Buckingham Research raised their price objective on Crane from $97.00 to $102.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. DA Davidson raised their price objective on Crane from $105.00 to $107.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. Finally, UBS Group raised their price objective on Crane from $90.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $95.88.

Crane stock traded up $0.12 during trading hours on Monday, hitting $75.50. The stock had a trading volume of 238,348 shares, compared to its average volume of 309,370. The company has a quick ratio of 1.50, a current ratio of 2.17 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.88 and a beta of 1.34. Crane has a one year low of $67.18 and a one year high of $100.14. The business’s 50 day simple moving average is $81.73 and its 200-day simple moving average is $83.24.

Crane (NYSE:CR) last posted its earnings results on Monday, July 22nd. The conglomerate reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. The firm had revenue of $841.60 million during the quarter, compared to the consensus estimate of $833.30 million. Crane had a return on equity of 24.24% and a net margin of 10.67%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. Research analysts anticipate that Crane will post 6.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Saturday, August 31st will be issued a $0.39 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.56 dividend on an annualized basis and a yield of 2.07%. Crane’s payout ratio is currently 26.04%.

In other Crane news, Director James L. L. Tullis bought 1,000 shares of the stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $78.13 per share, for a total transaction of $78,130.00. Following the completion of the acquisition, the director now owns 1,110 shares in the company, valued at approximately $86,724.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James A. Lavish sold 650 shares of Crane stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $86.36, for a total value of $56,134.00. Following the completion of the sale, the vice president now owns 16,359 shares of the company’s stock, valued at $1,412,763.24. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Swiss National Bank grew its stake in Crane by 2.7% in the first quarter. Swiss National Bank now owns 86,600 shares of the conglomerate’s stock valued at $7,328,000 after acquiring an additional 2,300 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Crane by 48.1% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,340 shares of the conglomerate’s stock valued at $367,000 after acquiring an additional 1,410 shares during the period. Burney Co. acquired a new stake in Crane in the first quarter valued at approximately $222,000. Dudley & Shanley Inc. grew its stake in Crane by 26.8% in the second quarter. Dudley & Shanley Inc. now owns 233,522 shares of the conglomerate’s stock valued at $19,485,000 after acquiring an additional 49,420 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Crane by 8.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,140 shares of the conglomerate’s stock valued at $181,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Crane Company Profile

Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Crane (NYSE:CR)

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