NYSE:CR

Crane Stock Forecast, Price & News

$50.55

+0.13 (+0.26 %)

(As of 09/22/2020 10:15 AM ET)

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Today's Range

$50.29

Now: $50.55▼

$50.93

50-Day Range

$52.98

MA: $57.47▼

$62.56

52-Week Range

$36.77

Now: $50.55▼

$89.54

Volume445 shs

Average Volume381,439 shs

Market Capitalization$2.93 billion

P/E Ratio84.25

Dividend Yield3.25%

Beta1.48

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. This segment offers its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, Westlock, WTA, Stockham, Wask, Viking Johnson, IAT, Hattersley, NABIC, Sperryn, Wade, Rhodes, Brownall, Deming, Weinman, Burks, and Barnes brands. Its Payment & Merchandising Technologies segment provides coin acceptors and dispensers, coin hoppers and recyclers, bill validators and recyclers, and cashless systems; vending equipment that dispenses food, snack, and hot and cold beverages; and vending management software, and cashless payment and wireless connectivity products, as well as engineered banknotes. This segment serves retail self-checkout, vending, casino gaming, government lotteries, parking, transit fare collection, payment kiosks, and banking markets, as well as food and beverage companies. The company's Aerospace & Electronics segment offers original equipment and aftermarket parts under the Hydro-Aire, ELDEC, Lear Romec, P.L. Porter, Keltec, Interpoint, Signal Technology, Merrimac Industries, and Polyflon brands to commercial and military aerospace and defense markets. Its Engineered Materials segment offers fiberglass-reinforced plastic panels and coils for use in the manufacture of recreational vehicles, and truck bodies and trailers, as well as commercial and industrial buildings. Crane Co. was founded in 1855 and is based in Stamford, Connecticut.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Crane has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.00, Crane has a forecasted upside of 50.7% from its current price of $50.42.
Amount of Analyst Coverage
Crane has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Crane has received 379 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Crane has received 517 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Crane has received 57.70% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Crane and other stocks. Vote “Outperform” if you believe CR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CR will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Crane pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Crane has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Crane is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Crane will have a dividend payout ratio of 35.68% next year. This indicates that Crane will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Crane insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,305,061.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Crane is held by insiders.
Percentage Held by Institutions
67.03% of the stock of Crane is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Crane are expected to grow by 28.88% in the coming year, from $3.74 to $4.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Crane is 84.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Crane is 84.03, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 23.41.
Price to Book Value per Share Ratio
Crane has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous fabricated metal products

Sub-IndustryIndustrial Machinery

SectorMulti-Sector Conglomerates

Current SymbolNYSE:CR

Previous Symbol

CUSIP22439910

CIK25445

Webwww.craneco.com

Phone203-363-7300

Debt

Debt-to-Equity Ratio0.59

Current Ratio1.33

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio84.25

Forward P/E Ratio13.52

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.28 billion

Price / Sales0.89

Cash Flow$7.61 per share

Price / Cash Flow6.64

Book Value$24.61 per share

Price / Book2.05

Profitability

EPS (Most Recent Fiscal Year)$6.02

Net Income$133.30 million

Net Margins1.22%

Return on Equity19.07%

Return on Assets6.48%

Miscellaneous

Employees13,000

Outstanding Shares58,026,000

Market Cap$2.93 billion

Next Earnings Date10/26/2020 (Estimated)

OptionableOptionable

$50.55

+0.13 (+0.26 %)

(As of 09/22/2020 10:15 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Crane (NYSE:CR) Frequently Asked Questions

How has Crane's stock price been impacted by Coronavirus?

Crane's stock was trading at $57.82 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CR shares have decreased by 12.7% and is now trading at $50.50.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Crane?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crane in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Crane.

When is Crane's next earnings date?

Crane is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Crane.

How were Crane's earnings last quarter?

Crane Co. (NYSE:CR) announced its earnings results on Monday, July, 27th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.47 by $0.17. The conglomerate earned $677.90 million during the quarter, compared to analysts' expectations of $635.76 million. Crane had a return on equity of 19.07% and a net margin of 1.22%. The firm's quarterly revenue was down 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share.
View Crane's earnings history.

How often does Crane pay dividends? What is the dividend yield for Crane?

Crane announced a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 31st will be given a dividend of $0.43 per share on Wednesday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, August 28th.
View Crane's dividend history.

What guidance has Crane issued on next quarter's earnings?

Crane updated its FY20 earnings guidance on Monday, July, 27th. The company provided earnings per share guidance of $3.30-4.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.80.

What price target have analysts set for CR?

7 Wall Street analysts have issued twelve-month target prices for Crane's stock. Their forecasts range from $58.00 to $100.00. On average, they anticipate Crane's share price to reach $76.00 in the next year. This suggests a possible upside of 50.5% from the stock's current price.
View analysts' price targets for Crane.

Who are some of Crane's key competitors?

Some companies that are related to Crane include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO) and ITT (ITT).
View all competitors.

What other stocks do shareholders of Crane own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Crane investors own include Intel (INTC), Exxon Mobil (XOM), Boeing (BA), QUALCOMM (QCOM), Walt Disney (DIS), Gilead Sciences (GILD), Home Depot (HD), Johnson & Johnson (JNJ), Lowe's Companies (LOW) and 3M (MMM).

Who are Crane's key executives?

Crane's management team includes the following people:

Mr. Max H. Mitchell, Pres, CEO & Director (Age 55)
Mr. Richard A. Maue, Sr. VP & CFO (Age 48)
Mr. Anthony M. D'Iorio, VP, Gen. Counsel & Sec. (Age 55)
Mr. Bradley L. Ellis, Sr. VP (Age 50)
Mr. Louis Vernon Pinkham, Sr. VP (Age 48)

What is Crane's stock symbol?

Crane trades on the New York Stock Exchange (NYSE) under the ticker symbol "CR."

Who are Crane's major shareholders?

Crane's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.99%), UBS Group AG (4.34%), Victory Capital Management Inc. (2.94%), Gamco Investors INC. ET AL (2.85%), Principal Financial Group Inc. (1.74%) and Principal Financial Group Inc. (1.74%). Company insiders that own Crane stock include Donald G Cook, James A Lavish, James L L Tullis, Kristian Robert Salovaara, Louis V Pinkham and Max H Mitchell.
View institutional ownership trends for Crane.

Which institutional investors are selling Crane stock?

CR stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, UBS Group AG, AQR Capital Management LLC, Gamco Investors INC. ET AL, New York State Common Retirement Fund, Vanguard Group Inc., Cubist Systematic Strategies LLC, and Canada Pension Plan Investment Board.
View insider buying and selling activity for Crane.

Which institutional investors are buying Crane stock?

CR stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Prudential Financial Inc., Victory Capital Management Inc., Russell Investments Group Ltd., Assenagon Asset Management S.A., MUFG Securities EMEA plc, FMR LLC, and Moody Aldrich Partners LLC. Company insiders that have bought Crane stock in the last two years include Donald G Cook, James L L Tullis, and Max H Mitchell.
View insider buying and selling activity for Crane.

How do I buy shares of Crane?

Shares of CR 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, Robinhood, Fidelity, and Charles Schwab.

What is Crane's stock price today?

One share of CR stock can currently be purchased for approximately $50.50.

How big of a company is Crane?

Crane has a market capitalization of $2.93 billion and generates $3.28 billion in revenue each year. The conglomerate earns $133.30 million in net income (profit) each year or $6.02 on an earnings per share basis. Crane employs 13,000 workers across the globe.

What is Crane's official website?

The official website for Crane is www.craneco.com.

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]

This page was last updated on 9/22/2020 by MarketBeat.com Staff

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