Crane (CR) Getting Somewhat Positive Media Coverage, Report Finds

News headlines about Crane (NYSE:CR) have trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crane earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 45.6334325462549 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s scoring:

CR has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $92.00) on shares of Crane in a research report on Wednesday, January 31st. Canaccord Genuity dropped their price objective on shares of Crane from $100.00 to $99.95 in a research note on Wednesday, January 31st. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their price objective on shares of Crane from $104.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Crane from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $104.85.

Crane (NYSE:CR) opened at $96.92 on Monday. The stock has a market cap of $5,780.79, a P/E ratio of 34.13, a PEG ratio of 1.35 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 quick ratio of 1.40, a current ratio of 1.81 and a debt-to-equity ratio of 0.37.

Crane (NYSE:CR) last issued its earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. The firm had revenue of $714.20 million for the quarter, compared to the consensus estimate of $702.50 million. Crane had a net margin of 6.17% and a return on equity of 20.66%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. research analysts forecast that Crane will post 5.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, February 27th. This is an increase from Crane’s previous quarterly dividend of $0.33. Crane’s dividend payout ratio is currently 49.30%.

In other news, insider Brendan Curran sold 16,356 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 27,702 shares in the company, valued at $2,600,386.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Augustus I. Dupont sold 16,396 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $97.74, for a total transaction of $1,602,545.04. Following the completion of the transaction, the vice president now owns 102,994 shares in the company, valued at approximately $10,066,633.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,861 shares of company stock worth $4,476,647. Insiders own 3.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

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