Crane Reaches New 1-Year High at $75.49 (CR)
Crane (NYSE:CR)’s share price hit a new 52-week high during mid-day trading on Friday , ARN reports. The company traded as high as $75.49 and last traded at $75.49, with a volume of 120,255 shares trading hands. The stock had previously closed at $74.25.
The stock has a 50-day moving average of $72.79 and a 200-day moving average of $68.64. The company has a market cap of $4.448 billion and a price-to-earnings ratio of 20.86.
Crane (NYSE:CR) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.05. The company had revenue of $716.83 million for the quarter, compared to the consensus estimate of $725.97 million. During the same quarter last year, the company posted $1.04 earnings per share. Crane’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Crane will post $4.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 28th.
In other Crane news, VP Edward S. Switter sold 1,909 shares of Crane stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.54, for a total transaction of $142,296.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Crane Co (NYSE:CR) is a diversified manufacturer of engineered industrial products.
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