Last $69.59 USD
Change Today -0.22 / -0.32%
Volume 141.7K
CR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

crane co (CR) Snapshot

Open
$69.96
Previous Close
$69.81
Day High
$69.96
Day Low
$69.16
52 Week High
06/9/14 - $76.96
52 Week Low
09/3/13 - $56.78
Market Cap
4.1B
Average Volume 10 Days
181.0K
EPS TTM
$4.11
Shares Outstanding
59.0M
EX-Date
08/27/14
P/E TM
16.9x
Dividend
$1.32
Dividend Yield
1.77%
Current Stock Chart for CRANE CO (CR)

crane co (CR) Related Businessweek News

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crane co (CR) Details

Crane Co. manufactures and sells engineered industrial products in the United States and internationally. It operates in four segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, and Fluid Handling. The Aerospace & Electronics segment offers pressure, fuel flow, and position sensors and subsystems; brake control systems; coolant, lube, and fuel pumps; and seat actuation products. This segment also provides power supplies and custom microelectronics for aerospace, defense, medical, and other applications; and electrical power components, power management products, electronic radio frequency, and microwave frequency components and subsystems for the defense, space, and military communications markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels for the truck trailer and recreational vehicle markets, industrial markets, and the commercial construction industry. The Merchandising Systems segment offers vending solutions, such as food, snack, and beverage vending machines; and vending machine software and online solutions, as well as payment solutions, including coin accepters and dispensers, coin hoppers, coin recyclers, bill validators, and bill recyclers. The Fluid Handling segment manufactures and sells various industrial and commercial valves and actuators; provides valve testing, parts, and services; manufactures and sells pumps and water purification solutions; distributes pipe, pipe fittings, couplings, and connectors; and designs, manufactures, and sells corrosion-resistant plastic-lined pipes and fittings. Crane Co. was founded in 1855 and is based in Stamford, Connecticut.

11,500 Employees
Last Reported Date: 02/25/14
Founded in 1855

crane co (CR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $566.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.5K
President of Fluid Handling Group
Total Annual Compensation: $420.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $349.2K
Compensation as of Fiscal Year 2013.

crane co (CR) Key Developments

Crane Co. Declares Third Quarter Dividend, Payable on September 9, 2014

Crane Co. announced its Board of Directors declared 10% increase in its quarterly dividend, to $0.33 per share from $0.30 per share. The dividend is payable on September 9, 2014 to shareholders of record as of the close of business on August 29, 2014. The indicated annual dividend rate will now be $1.32 per share.

Crane Co. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

Crane Co. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total net sales of $750.096 million increased $101.4 million, or 15.6%, compared to $648.746 million in the second quarter of 2013, resulting from a core sales increase of $0.6 million, or 0.1%; sales from acquisitions, net of divestitures, of $93.8 million, or 14.5%; and favorable foreign exchange of $6.9 million, or 1.1%. Total operating profit in the second quarter increased 9.8% to $97.580 million, compared to $88.846 million in the second quarter of 2013. Income before income taxes was $86.667 million against $82.526 million a year ago. Net income attributable to common shareholders was $59.697 million or $1.00 per diluted share against $54.874 million or $0.93 per diluted share a year ago. Total provided by operating activities was $64.184 million against $30.948 million a year ago. Capital expenditures were $11.297 million against $6.566 million a year ago. Excluding special items, second quarter operating profit increased 14.8% to $109.9 million, compared to $95.7 million in the second quarter of 2013. Excluding special items, net income attributable to common shareholders was $68.963 million against $62.187 million a year ago. Excluding these special items in both years, second quarter 2014 earnings per diluted share increased 9% to $1.15, compared to $1.06 in the second quarter of 2013. Free cash flow increased $29 million from last year to $53 million in the quarter. For the six months, the company reported total net sales of $1,466.926 million against $1,276.317 million a year ago. Total operating profit was $178.966 million against $175.746 million a year ago. Income before income taxes was $158.428 million against $163.220 million a year ago. Net income attributable to common shareholders was $108.381 million or $1.82 per diluted share against $112.665 million or $1.92 per diluted share a year ago. Total provided by operating activities was $45.274 million against $10.545 million a year ago. Capital expenditures were $20.690 million against $12.039 million a year ago. Operating profit before special items were $210.824 million against $185.487 million a year ago. Net income attributable to common shareholders before special items was $131.184 million or $2.20 per diluted share against $122.866 million or $2.10 per diluted share a year ago. The company reaffirmed earnings guidance for the full year 2014. For the year, the company reaffirmed its 2014 guidance, excluding special items. The company continues to expect sales to approximate $3.0 billion, reflecting a core sales increase of 1% to 3% and earnings in a range of $4.55 to $4.75 per diluted share, excluding special items. Full year 2014 free cash flow (cash provided by operating activities less capital spending) is expected to be in a range of $225 million to $250 million. The company revised its 2014 earnings guidance on a GAAP basis to a range of $4.18 to 4.38 per diluted share, from a range of $4.28 to $4.48 per diluted share. The revision is driven solely by the new special items recorded in the second quarter; the revised GAAP EPS guidance includes previously disclosed special items, as well as a $1.1 million after-tax charge, or $0.02 per share, related to the divestiture, and a $4.2 million after-tax charge, or $0.07 per share, related to a lawsuit settlement. Cash provided from operating activities expected to be in the range of $275.000 million to $290.000 million. Capital expenditures expected to be in the range of $50.000 million to 40.000 million. Free cash flow expected to be in the range of $225.000 million to $250.000 million. The company continue to expect 2014 full year tax rate, excluding special items, to be roughly 31%, which includes the assumption that legislation will be enacted during 2014 that extends the U.S. Federal Research tax credit, retroactive to January 1 of this year.

Crane Co. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 10:30 AM

Crane Co. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 10:30 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Tazewell S. Rowe, Vice President and Treasurer.

 

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Industry Analysis

CR

Industry Average

Valuation CR Industry Range
Price/Earnings 19.2x
Price/Sales 1.5x
Price/Book 3.1x
Price/Cash Flow 19.1x
TEV/Sales 1.0x
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