About Crane (NYSE:CR)
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. The Payment & Merchandising Technologies segment includes Crane Payment Innovations (CPI) and Merchandising Systems. The Aerospace & Electronics segment supplies various components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace and military aerospace, and defense markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic (FRP) panels and coils, primarily for use in the manufacturing of recreational vehicles (RVs), truck bodies, truck trailers, with additional applications in commercial and industrial buildings.
Industry, Sector and Symbol
Industry Industrial Machinery & Equipment
Trailing P/E Ratio33.3064553044201
Forward P/E Ratio17.55
Sales & Book Value
Annual Sales$2.79 billion
Price / Sales2.02
Cash Flow$5.84 per share
Price / Cash16.21
Book Value$22.72 per share
Price / Book4.16
Net Income$171.80 million
Return on Equity20.66%
Return on Assets7.72%
Crane (NYSE:CR) Frequently Asked Questions
What is Crane's stock symbol?
Crane trades on the New York Stock Exchange (NYSE) under the ticker symbol "CR."
How often does Crane pay dividends? What is the dividend yield for Crane?
Crane announced a quarterly dividend on Monday, January 29th. Investors of record on Wednesday, February 28th will be given a dividend of $0.35 per share on Friday, March 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, February 27th. This is a positive change from Crane's previous quarterly dividend of $0.33. View Crane's Dividend History.
How were Crane's earnings last quarter?
Crane Co. (NYSE:CR) announced its earnings results on Monday, January, 29th. The conglomerate reported $1.18 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.01. The conglomerate had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. Crane had a return on equity of 20.66% and a net margin of 6.17%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. View Crane's Earnings History.
When will Crane make its next earnings announcement?
What guidance has Crane issued on next quarter's earnings?
Crane updated its FY18 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of $5.35-5.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.28.
Where is Crane's stock going? Where will Crane's stock price be in 2018?
12 brokerages have issued 1-year price targets for Crane's shares. Their predictions range from $95.00 to $120.00. On average, they expect Crane's stock price to reach $106.59 in the next year. View Analyst Ratings for Crane.
What are Wall Street analysts saying about Crane stock?
Here are some recent quotes from research analysts about Crane stock:
- 1. According to Zacks Investment Research, "In the last three months, Crane's shares have outperformed the industry. In fourth-quarter 2017, the company's earnings grew 15.7% year over year while also exceeded the Zacks Consensus Estimate by 0.85%. For 2018, the company anticipates organic growth to add 42 cents to earnings per share while predicts 15 cents from the Crane Currency buyout, 10 cents from repositioning activities and 50 cents from lower taxes. However, incremental growth investments will negatively impact earnings by 25 cents. Earnings for the full year are likely to come in within the $5.35-$5.55 per share range. Total sales will grow 18.5%, including core sales growth of 2-4%. However, Crane faces risks from headwinds like stiff competition, uncertain economic conditions in the foreign nations it serves and failure to comply with governmental regulations. Also, the stock is overvalued compared to the industry." (2/6/2018)
- 2. Canaccord Genuity analysts commented, "We believe the potential for upside to the core business in 2018 is high, and we are maintaining our BUY rating. The company updated its 2018 guidance to reflect the impact of the TCJA, the closing of the Crane Currency acquisition ($0.55), as well as incremental investments and repositioning actions ($0.15). CR is now guiding to adjusted EPS of $5.35-$5.55 ($4.75 at the mid-point on a GAAP basis), with core growth of 2-4%. Crane Currency is expected to add $400M in revenues and $0.15 in 2018 EPS. The company maintained its $1.00 target in EPS from the Crane Currency acquisition by 2021. Note that the company sees the TCJA adding $0.50 to annual EPS, but plans to accelerate investment decisions that will offset ~$0.25 of this benefit in 2018 (a $20M investment), then $0.15 in 2019 (an incremental $10M investment). The company expects to see the full benefit of lower taxes, and the potential $0.50, in 2020." (1/30/2018)
- 3. Boenning Scattergood analysts commented, "We raise our 2017 EPS estimate to reflect clear stabilization in the company’s Fluid Handling segment. Still, we remain Neutral on CR shares, with the fundamental risks and opportunities balanced and the stock trading at a forward P/E multiple of 17.3 times, in the upper end of the historical range of 12-19 times. Key Points: 3Q EPS top Street on top-line beat, low tax rate. Crane posted 3Q17 EPS of $1.13, a penny above our estimate of $1.12 and three cents higher than consensus of $1.10. Revenue eked out a 0.2% increase, but the modest growth was notably better than our estimate of a 2.1% decline (core growth was -10%, offset by acquisitions and forex). EBIT margin was 15.1%, a 10 basis point improvement from a year ago, but below our model at 15.8%, while a lower than expected tax rate (29.4% vs. our 31% estimate) contributed $0.03 per share in upside versus our model." (10/24/2017)
Who are some of Crane's key competitors?
Some companies that are related to Crane include Snap-on (SNA), Gardner Denver (GDI), Weir Group (WEIR), Woodward (WWD), Spirax-Sarco Engineering (SPX), CLARCOR (CLC), Timken (TKR), KLX (KLXI), Barnes Group (B), IMI (IMI), Proto Labs (PRLB), Welbilt (WBT), Rexnord (RXN), Hillenbrand (HI), SPX Flow (FLOW), Mueller Water Products (MWA), Kaman (KAMN) and Comfort Systems USA (FIX).
Who are Crane's key executives?
Crane's management team includes the folowing people:
- Max H. Mitchell, President, Chief Executive Officer, Director (Age 53)
- Richard A. Maue, Vice President - Finance, Chief Financial Officer (Age 47)
- Thomas J. Craney, Group President - Engineered Materials (Age 61)
- Brendan J. Curran, President - Aerospace & Electronics (Age 54)
- Bradley L. Ellis, Senior Vice President (Age 49)
- Louis V. Pinkham, Senior Vice President (Age 45)
- Curtis A. Baron Jr., Vice President, Controller (Age 47)
- Edward S. Switter, Vice President - Tax, Treasurer (Age 42)
- James A. Lavish, Vice President - CBS, People & Performance (Age 50)
- Anthony D. Pantaleoni, Vice President - Environment, Health & Safety (Age 77)
Who owns Crane stock?
Crane's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.09%),
GAMCO INVESTORS, INC. ET AL
(6.15%), Gamco Investors INC. ET AL (4.21%), Gabelli Funds LLC (1.89%), Victory Capital Management Inc. (1.47%) and Bank of New York Mellon Corp (1.05%). Company insiders that own Crane stock include A D Pantaleoni, Augustus I Dupont, Bradley Ellis, Brendan Curran, Curtis A Baron Jr, E Thayer Bigelow, Edward S Switter, James A Lavish, James L L Tullis, Kristian Robert Salovaara, Louis V Pinkham, Philip R Lochner, Richard A Maue and Thomas J Craney. View Institutional Ownership Trends for Crane.
Who sold Crane stock? Who is selling Crane stock?
Crane's stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Foundry Partners LLC, Guggenheim Capital LLC, Vulcan Value Partners LLC, AXA, Mesirow Financial Investment Management Equity Management, LSV Asset Management and Robecosam AG. Company insiders that have sold Crane company stock in the last year include A D Pantaleoni, Augustus I Dupont, Brendan Curran, Curtis A Baron Jr, E Thayer Bigelow, Edward S Switter, James A Lavish, James L L Tullis, Kristian Robert Salovaara, Philip R Lochner, Richard A Maue and Thomas J Craney. View Insider Buying and Selling for Crane.
Who bought Crane stock? Who is buying Crane stock?
Crane's stock was purchased by a variety of institutional investors in the last quarter, including Virtus Fund Advisers LLC, Victory Capital Management Inc., Thrivent Financial For Lutherans, Wells Fargo & Company MN, Alliancebernstein L.P., Renaissance Technologies LLC, BlackRock Inc. and Deutsche Bank AG. View Insider Buying and Selling for Crane.
How do I buy Crane stock?
Shares of Crane can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Crane's stock price today?
One share of Crane stock can currently be purchased for approximately $94.59.
How big of a company is Crane?
Crane has a market capitalization of $5.61 billion and generates $2.79 billion in revenue each year. The conglomerate earns $171.80 million in net income (profit) each year or $2.84 on an earnings per share basis. Crane employs 11,000 workers across the globe.
How can I contact Crane?
Crane's mailing address is 100 FIRST STAMFORD PLACE, STAMFORD CT, 06902. The conglomerate can be reached via phone at 203-363-7300 or via email at [email protected]
MarketBeat Community Rating for Crane (CR)MarketBeat's community ratings are surveys of what our community members think about Crane and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Crane (NYSE:CR) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.75||2.67||2.64||2.55|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$106.59||$97.00||$92.50||$74.57|
|Price Target Upside: ||7.40% upside||5.11% upside||9.81% upside||0.65% upside|
Crane (NYSE:CR) Consensus Price Target History
Crane (NYSE:CR) Analyst Ratings History
(Data available from 2/20/2016 forward)
Crane (NYSE:CR) Earnings History and Estimates Chart
Crane (NYSE CR) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/29/2018||Q4 2017||$1.17||$1.18||$702.50 million||$714.20 million||View||Listen|
|10/23/2017||Q3 2017||$1.10||$1.13||$679.77 million||$695.90 million||View||N/A|
|7/24/2017||Q2 2017||$1.17||$1.17||$702.53 million||$702.50 million||View||N/A|
|4/24/2017||Q1 2017||$1.00||$1.05||$655.84 million||$673.40 million||View||N/A|
|1/30/2017||Q416||$0.98||$1.02||$664.63 million||$681.00 million||View||N/A|
|10/24/2016||Q316||$1.01||$1.07||$666.89 million||$694.00 million||View||Listen|
|7/25/2016||Q216||$1.02||$1.21||$697.13 million||$712.20 million||View||Listen|
|4/25/2016||Q116||$0.86||$0.93||$644.74 million||$660.00 million||View||Listen|
|1/25/2016||Q415||$1.10||$1.12||$694.99 million||$680.00 million||View||Listen|
|10/26/2015||Q315||$1.06||$1.03||$697.63 million||$670.00 million||View||Listen|
|7/27/2015||Q215||$1.06||$1.06||$706.91 million||$711.00 million||View||Listen|
|4/27/2015||Q115||$1.00||$0.92||$674.43 million||$678.80 million||View||N/A|
|1/26/2015||Q414||$1.13||$1.13||$741.05 million||$731.00 million||View||N/A|
|10/27/2014||Q314||$1.17||$1.12||$769.70 million||$727.40 million||View||N/A|
|7/28/2014||Q214||$1.16||$1.15||$758.20 million||$750.10 million||View||N/A|
|4/28/2014||Q114||$1.05||$1.05||$725.97 million||$716.83 million||View||N/A|
|1/27/2014||Q413||$1.03||$0.92||$644.11 million||$681.45 million||View||N/A|
|10/28/2013||Q313||$1.06||$1.04||$662.88 million||$637.50 million||View||N/A|
|7/22/2013||Q2 2013||$1.04||$1.06||$664.47 million||$648.70 million||View||N/A|
|4/22/2013||Q1 2013||$1.03||$1.04||$659.37 million||$627.57 million||View||N/A|
|1/28/2013||Q4 2012||$0.96||$0.92||$651.64 million||$629.79 million||View||N/A|
Crane (NYSE:CR) Earnings Estimates
2018 EPS Consensus Estimate: $5.34
2019 EPS Consensus Estimate: $5.91
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Crane (NYSE:CR) Dividend Information
|Dividend Growth:||1.60% (3 Year Average)|
|Payout Ratio:||46.48% (Trailing 12 Months of Earnings) |
24.49% (Based on This Year's Estimates)
21.36% (Based on Next Year's Estimates)
Crane (NYSE:CR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Crane (NYSE CR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.10%
Institutional Ownership Percentage: 68.81%
Crane (NYSE CR) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/1/2018||Augustus I Dupont||VP||Sell||16,396||$97.74||$1,602,545.04||102,994|| |
|11/15/2017||James L L Tullis||Director||Sell||2,000||$81.44||$162,880.00||2,110|| |
|11/1/2017||Augustus I Dupont||VP||Sell||3,556||$83.89||$298,312.84||80,560|| |
|10/30/2017||A D Pantaleoni||VP||Sell||4,650||$83.11||$386,461.50||1,076|| |
|10/30/2017||E Thayer Bigelow||Director||Sell||1,067||$82.79||$88,336.93|| |
|10/26/2017||Augustus I Dupont||VP||Sell||11,130||$86.28||$960,296.40||84,116|| |
|8/31/2017||Edward S Switter||VP||Sell||7,000||$74.03||$518,210.00||23,873|| |
|8/28/2017||E Thayer Bigelow||Director||Sell||6,000||$73.73||$442,380.00|| |
|8/4/2017||Kristian Robert Salovaara||VP||Sell||9,200||$76.20||$701,040.00||24,786|| |
|5/16/2017||Curtis A Baron Jr||VP||Sell||5,364||$79.60||$426,974.40||18,044|| |
|4/28/2017||Richard A Maue||VP||Sell||14,528||$79.83||$1,159,770.24||28,906|| |
|4/27/2017||Philip R Lochner||Director||Sell||2,000||$80.21||$160,420.00||2,350|| |
|4/27/2017||Thomas J Craney||Insider||Sell||4,500||$80.45||$362,025.00||19,562|| |
|2/28/2017||James A Lavish||VP||Sell||237||$72.65||$17,218.05||11,918|| |
|2/24/2017||Brendan Curran||Insider||Sell||12,632||$71.21||$899,524.72||16,424|| |
|2/7/2017||Thomas J Craney||Insider||Sell||4,176||$74.18||$309,775.68||15,062|| |
|2/3/2017||Kristian Robert Salovaara||VP||Sell||15,494||$74.85||$1,159,725.90||29,280|| |
|2/3/2017||Louis V Pinkham||Insider||Sell||34,948||$75.08||$2,623,895.84||24,611|| |
|2/2/2017||James L L Tullis||Director||Sell||2,000||$74.37||$148,740.00||2,110|| |
|11/21/2016||A D Pantaleoni||VP||Sell||5,000||$74.29||$371,450.00||9,876|| |
|11/1/2016||Philip R Lochner||Director||Sell||2,000||$68.26||$136,520.00||2,350|| |
|10/31/2016||Augustus I Dupont||VP||Sell||3,000||$68.29||$204,870.00||93,753|| |
|8/24/2016||E Thayer Bigelow||Director||Sell||4,000||$64.96||$259,840.00||21,791|| |
|8/19/2016||Bradley Ellis||Insider||Sell||10,000||$65.14||$651,400.00||167,711|| |
|8/15/2016||Philip R Lochner||Director||Sell||4,000||$64.90||$259,600.00||2,350|| |
|8/11/2016||Louis V Pinkham||Insider||Sell||16,576||$65.32||$1,082,744.32||20,449|| |
|8/9/2016||Thomas J Craney||Insider||Sell||3,915||$64.54||$252,674.10||20,062|| |
|8/2/2016||A D Pantaleoni||VP||Sell||5,000||$62.74||$313,700.00||9,876|| |
|5/25/2016||Edward S Switter||VP||Sell||6,780||$56.82||$385,239.60||21,633|| |
|5/20/2016||Augustus I Dupont||VP||Sell||4,000||$54.88||$219,520.00||88,962|| |
|5/12/2016||Curtis A Baron Jr||VP||Sell||5,242||$55.33||$290,039.86||14,935|| |
|2/23/2016||E Thayer Bigelow||Director||Sell||4,000||$48.59||$194,360.00||21,791|| |
|2/18/2016||Thomas J Craney||Insider||Sell||3,633||$49.23||$178,852.59||15,062|| |
|1/28/2016||Max H. Mitchell||CEO||Buy||6,000||$46.10||$276,600.00||91,238|| |
|11/24/2015||Edward S. Switter||VP||Sell||3,975||$52.57||$208,965.75||12,101|| |
|11/2/2015||Edward S. Switter||VP||Sell||3,675||$53.30||$195,877.50||11,076|| |
|2/10/2015||E Thayer Bigelow||Director||Sell||2,000||$68.64||$137,280.00|| |
|2/5/2015||Donald G Cook||Director||Sell||6,500||$62.38||$405,470.00|| |
|5/27/2014||Edward S Switter||VP||Sell||1,909||$74.54||$142,296.86|| |
|5/19/2014||Richard Maue||CFO||Sell||1,100||$73.61||$80,971.00||21,115|| |
|5/1/2014||Philip Lochner||Director||Sell||2,833||$72.10||$204,259.30||350|| |
|2/25/2014||Augustus Dupont||VP||Sell||5,000||$66.46||$332,300.00||90,013|| |
|11/6/2013||Augustus Dupont||VP||Sell||17,268||$63.63||$1,098,762.84||89,395|| |
|11/5/2013||Eric C Fast||CEO||Sell||74,401||$63.56||$4,728,927.56|| |
|10/31/2013||Thomas J Perlitz||VP||Sell||8,000||$63.51||$508,080.00|| |
|8/23/2013||Max Mitchell||COO||Sell||30,000||$60.11||$1,803,300.00||43,871|| |
|8/15/2013||Philip Lochner||Director||Sell||2,000||$59.32||$118,640.00||350|| |
|8/12/2013||Thomas Perlitz||VP||Sell||10,000||$61.24||$612,400.00||16,165|| |
|8/6/2013||Eric Fast||CEO||Sell||64,505||$61.24||$3,950,286.20||65,697|| |
|7/25/2013||Thomas J Craney||Insider||Sell||37,500||$62.01||$2,325,375.00|| |
|7/25/2013||Thomas J Perlitz||VP||Sell||10,000||$62.05||$620,500.00|| |
|5/31/2013||Bradley Ellis||Insider||Sell||25,500||$59.90||$1,527,450.00|| |
|5/29/2013||James L L Tullis||Director||Sell||2,000||$59.19||$118,380.00|| |
|5/21/2013||Eric C Fast||CEO||Sell||47,993||$60.11||$2,884,859.23|| |
|5/21/2013||Thomas J Perlitz||VP||Sell||7,500||$60.17||$451,275.00|| |
|5/15/2013||Andrew L Krawitt||VP||Sell||4,500||$59.75||$268,875.00|| |
|5/13/2013||Eric C Fast||CEO||Sell||46,268||$58.40||$2,702,051.20|| |
|5/10/2013||Richard S Forte||Director||Sell||7,000||$57.63||$403,410.00|| |
Crane (NYSE CR) News Headlines
Crane (NYSE:CR) SEC Filings
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Crane (NYSE:CR) Income Statement, Balance Sheet and Cash Flow Statement
Crane (NYSE CR) Stock Chart for Tuesday, February, 20, 2018