News stories about Crane (NYSE:CR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. 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 news sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 46.7045378521929 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Global Crane Wheels Market 2017 Xtek, Kor-Pak, DGCRANE, McKees Rocks Forgings (lincolntrailpublishing.com)
- Canal Insurance Company Adds Vezzosi To Its Board Of Directors (bizjournals.com)
- Canaccord Genuity Reiterates Buy Rating for Crane (CR) (americanbankingnews.com)
- Grandweld Shipyards commences production of 10 boats for Kuwait Oil Company (arabianoilandgas.com)
- What Are Analysts Saying About Crane Co’s (NYSE:CR) Future? (finance.yahoo.com)
Shares of Crane (NYSE CR) traded down $0.70 during trading hours on Wednesday, reaching $94.33. 63,829 shares of the company traded hands, compared to its average volume of 302,817. Crane has a 12-month low of $70.56 and a 12-month high of $102.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.81 and a quick ratio of 1.40. The firm has a market cap of $5,719.37, a price-to-earnings ratio of 33.62, a P/E/G ratio of 1.33 and a beta of 1.23.
Crane (NYSE:CR) last posted its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The company had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. Crane had a net margin of 6.17% and a return on equity of 20.66%. Crane’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. research analysts anticipate that Crane will post 5.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Crane’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, February 27th. Crane’s payout ratio is 49.30%.
Several research firms have recently issued reports on CR. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of Crane in a research report on Tuesday, January 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $110.00 price objective on shares of Crane in a research report on Monday. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, AltaCorp Capital reaffirmed a “buy” rating on shares of Crane in a research report on Monday, January 15th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Crane presently has a consensus rating of “Buy” and an average price target of $106.29.
In other news, VP Augustus I. Dupont sold 16,396 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 102,994 shares in the company, valued at $10,066,633.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James A. Lavish sold 12,984 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $94.90, for a total transaction of $1,232,181.60. Following the transaction, the vice president now owns 16,997 shares in the company, valued at $1,613,015.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,861 shares of company stock worth $4,476,647. Company 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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