Crane Co
About: Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2.1 billion in revenue in 2023.
Employees: 7,300
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
81% more call options, than puts
Call options by funds: $31.9M | Put options by funds: $17.6M
68% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 41
6% more funds holding
Funds holding: 432 [Q2] → 460 (+28) [Q3]
4% more capital invested
Capital invested by funds: $6.28B [Q2] → $6.51B (+$230M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
4.08% less ownership
Funds ownership: 75.94% [Q2] → 71.86% (-4.08%) [Q3]
33% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 179
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$176
15%
upside
Avg. target
$179
17%
upside
High target
$182
19%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target | 15%upside $176 | Hold Downgraded | 18 Nov 2024 |
Deutsche Bank Scott Deuschle 52% 1-year accuracy 17 / 33 met price target | 19%upside $182 | Buy Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 4 articles about CR published over the past 30 days
Negative
Zacks Investment Research
1 day ago
New Strong Sell Stocks for December 20th
ICLR, BHP and CR have been added to the Zacks Rank #5 (Strong Sell) List on December 20, 2024.
Neutral
Business Wire
1 week ago
Crane Company Announces Promotion of Alejandro (Alex) Alcala to Chief Operating Officer
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, has promoted Alejandro (Alex) Alcala to Chief Operating Officer (COO), effective immediately. In this role, Alex will provide both strategic and operational oversight of all Crane business segments, as well as the Crane Business System organization. Max H. Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said, “Si.
Neutral
PRNewsWire
2 weeks ago
KPS CAPITAL PARTNERS TO ACQUIRE THE ENGINEERED MATERIALS BUSINESS OF CRANE COMPANY
LEADING PROVIDER OF FIBERGLASS REINFORCED PLASTIC COMPOSITE PRODUCTS NEW YORK , Dec. 2, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire the Engineered Materials business ("Crane Composites" or the "Company") from Crane Company ("Crane", NYSE: CR), for an enterprise value of $227 million. Completion of the transaction is expected in the first quarter of 2025 and is subject to customary closing conditions and approvals.
Neutral
Business Wire
2 weeks ago
Crane Company Announces Agreement To Sell Engineered Materials Segment To KPS Capital Partners, LP
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that it has entered into a definitive agreement to sell its Engineered Materials business to KPS Capital Partners, LP (“KPS”) for $227 million. Max Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said, “This divestiture reflects yet another important step forward following the numerous actions we have t.
Positive
Seeking Alpha
1 month ago
Crane Company: Simply Impressive M&A Strategy
Crane Company's strategic split in 2023 led to a focused business, with the company focusing on aerospace, electronics, and process flow technologies. Despite high expectations, Crane's shares have risen another 45% this year, driven by strong earnings growth and strategic acquisitions. While operating momentum is strong and capital allocation policies are sound, valuation multiple inflation leaves the risk-reward not to be compelling at current levels.
Neutral
Business Wire
1 month ago
Crane Company Announces Acquisition of Technifab Products, Inc.
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that on Friday, November 1, 2024, it completed the acquisition of Technifab Products, Inc. (“Technifab”), a leading provider of vacuum insulated pipe systems and valves for cryogenic applications for $40.5 million on a cash-free and debt- free basis. Founded in 1992 by Noel Short, Technifab is headquartered in Brazil, Indiana. Through Septemb.
Neutral
Seeking Alpha
1 month ago
Crane Company (CR) Q3 2024 Earnings Call Transcript
Crane Company (NYSE:CR ) Q3 2024 Earnings Call Transcript October 29, 2024 10:00 AM ET Company Participants Allison Poliniak - VP of IR Max Mitchell - Chairman, President and CEO Rich Maue - EVP and CFO Conference Call Participants Matt Summerville - D.A. Davidson Justin Ages - CJS Securities Scott Deuschle - Deutsche Bank Damian Karas - UBS Ron Epstein - Bank of America Adam Farley - Stifel Jeff Sprague - Vertical Research Tony Bancroft - Gabelli Funds Operator Hello, everyone, and welcome to the Crane Company Third Quarter 2024 Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Crane (CR) Beats Q3 Earnings and Revenue Estimates
Crane (CR) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.03 per share a year ago.
Neutral
Business Wire
1 month ago
Crane Company Reports Third Quarter 2024 Results and Raises Full Year EPS Guidance
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the third quarter of 2024 and raised and narrowed its adjusted full-year EPS outlook. Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: "We delivered another quarter of excellent results, with 34% adjusted EPS growth driven by 6% core sales growth, reflecting continued strong execution by our teams globally. Furthermore, demand trends across our strategic gr.
Positive
Zacks Investment Research
2 months ago
Crane (CR) Earnings Expected to Grow: Should You Buy?
Crane (CR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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