Crane Company CR Stock Price, Quote & News

One share of CR stock can currently be purchased for approximately $87.15. Kellogg, Johnson & Johnson, Crane, and BorgWarner are planning to hive off a chunk of their businesses in 2023. CR, +2.15% said late Monday the financing part of its goal to split into two publicly traded companies has been secured. The credit agreements will provide an aggregate principal am… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Crane’s stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.15%), State Street Corp (4.70%), Gamco Investors INC. ET AL (4.24%), Victory Capital Management Inc. (3.64%) and Capital World Investors (3.33%). Insiders that own company stock include Alejandro Alcala, Donald G Cook, Edward S Switter, James L L Tullis, Kurt F Gallo, Kurt F Gallo, Max H Mitchell and Richard A Maue. CR swung to a loss in the fiscal fourth quarter as the company set aside millions of dollars for pending asbestos liabilities as well as an environmental provision. Online grocery-delivery firm Instacart Inc., marketing and data automation provider Klaviyo, Vietnam-based internet startup VNG Ltd. and footwear maker Birkenstock Holding Ltd. have all filed to go public.

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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news. To keep pace with AI developments, companies will need the right chips to run complex software. Arm says that every processor it designs will accelerate the AI and machine learning technology it helps power.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

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Sign-up to receive the latest news and ratings for Crane and its competitors with MarketBeat’s FREE daily newsletter. The Stamford, Conn.-based company forecast sales growth of 6% and core sales growth between 5% and 7%. The technique has proven to be very useful for finding positive surprises.

• To keep pace with AI developments, companies will need the right chips to run complex software.
• This represents a $0.72 dividend on an annualized basis and a yield of 0.83%.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
• After the IPO, SoftBank will still control about 90% of the company’s shares, Arm said in its filings with the US Securities and Exchange Commission.
• 4 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Crane in the last year.
• It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “moderate buy” CR shares. Crane saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,070,000 shares, an increase of 27.0% from the August 15th total of 842,600 shares.

Stock Money Flow

Based on an average daily trading volume, of 288,000 shares, the short-interest ratio is presently 3.7 days. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

The company provided EPS guidance of $3.80-$4.10 for the period, compared to the consensus EPS estimate of $3.88. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023. MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Rene Haas, who took over as Arm’s chief executive officer last year, is working to expand beyond the smartphone market, which has stagnated in recent years.

Is the Options Market Predicting a Spike in Crane (CR) Stock?

To see all exchange delays and terms of use please see Barchart’s disclaimer. Crane announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share on Wednesday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 30th.

An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The shares are expected to begin trading Thursday on the Nasdaq Global Select Market under the symbol ARM. After the IPO, SoftBank will still control about 90% of the company’s shares, Arm said in its filings with the US Securities and Exchange Commission.

Analyst Ratings

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that https://1investing.in/ particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

For example, a price above its moving average is generally considered an upward trend or a buy. Crane Holdings (CR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the… Crane Co. shares fell in the extended session Monday after the industrial company reported an adjusted quarterly profit below Wall Street expectations. Crane said it earned $47 million, or 80 cents a share, in the fourth … Crane Co. announced Wednesday plans to separate into two independent publicly traded companies, as it aims to unlock shareholder value and accelerate growth.

Its processors already run those technologies, and the company has started adding new functionality to make the algorithms work faster. SoftBank, which acquired Arm seven years ago for $32 billion, has helped grow the chip designer and change its business model. The IPO is the world’s biggest this year, surpassing ddp stands for the $4.37 billion listing by Johnson & Johnson consumer health spinoff Kenvue Inc. Arm’s IPO could also be a catalyst for IPOs from dozens of tech startups and other companies whose plans to go public in the US have been stuck during the deepest, longest listing trough since the financial crisis in 2009.

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 4 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Crane in the last year.