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Crane (CR)

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia.

Company profile

Ticker
CR
Exchange
Website
CEO
Max Mitchell
Employees
Incorporated
Location
Fiscal year end
Former names
CRANE CO /DE/
SEC CIK
Subsidiaries
"CPI-Kiev" LLC • ARDAC Inc. • Armature d.o.o. • Automatic Products (UK) Ltd. • Barksdale GmbH • Barksdale, Inc. • CA-MC Acquisition UK Ltd. • Coin Controls International Ltd. • Coin Holdings Ltd. • Coin Industries Ltd. ...
IRS number
131952290

CR stock data

Analyst ratings and price targets

Last 3 months

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 650.6M 650.6M 650.6M 650.6M 650.6M 650.6M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 7.7M 9.47M
Cash used (since last report) n/a n/a n/a n/a 11.02M 13.54M
Cash remaining n/a n/a n/a n/a 639.58M 637.06M
Runway (months of cash) n/a n/a n/a n/a 83.1 67.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jul 22 Benante Martin R CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 95 0 899
22 Jul 22 Christina Cristiano CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Payment of exercise Dispose F No No 94.75 222 21.03K 914
22 Jul 22 Christina Cristiano CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Option exercise Acquire M No No 0 434 0 1,136
22 Jul 22 Christina Cristiano Restricted Share Unit CRANE HOLDINGS, CO. COMMON, PAR VALUE $1.00 Option exercise Dispose M No No 0 434 0 1,603
16 May 22 Benante Martin R Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 220 0 14,678
16 May 22 Benante Martin R Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 1,546 0 14,458
16 May 22 Michael Dinkins Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 97 0 7,180
16 May 22 Michael Dinkins Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 1,546 0 7,083
16 May 22 Haime Ellen Mcclain Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 286 0 18,827
16 May 22 Haime Ellen Mcclain Deferred Stock Units CRANE CO. COMMON, PAR VALUE $1.00 Grant Acquire A No No 0 1,745 0 18,541
71.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 385 378 +1.9%
Opened positions 55 69 -20.3%
Closed positions 48 35 +37.1%
Increased positions 131 113 +15.9%
Reduced positions 121 125 -3.2%
13F shares Current Prev Q Change
Total value 4.46B 4.33B +3.0%
Total shares 39.8M 41.17M -3.3%
Total puts 232.5K 49K +374.5%
Total calls 252.1K 134.9K +86.9%
Total put/call ratio 0.9 0.4 +153.9%
Largest owners Shares Value Change
FMR 5.23M $566.55M +8.9%
Vanguard 4.7M $509.34M +0.2%
BLK Blackrock 3.98M $431.01M -0.8%
LSV Asset Management 1.63M $176.07M +0.0%
GBL Gamco Investors 1.49M $161.31M +0.7%
STT State Street 1.38M $149.67M +3.9%
Victory Capital Management 1.29M $139.23M -26.8%
Thrivent Financial For Lutherans 1.27M $137.58M +1.4%
Lord, Abbett & Co. 947.75K $102.62M -6.6%
Gabelli Funds 908.7K $98.39M +0.1%
Largest transactions Shares Bought/sold Change
Alliancebernstein 73.65K -896.54K -92.4%
Norges Bank 0 -517.11K EXIT
Victory Capital Management 1.29M -472.18K -26.8%
FMR 5.23M +425.69K +8.9%
Arrowstreet Capital, Limited Partnership 119.42K -379.66K -76.1%
Walleye Capital 190.7K +140.7K +281.4%
Foundry Partners 54.91K -119.94K -68.6%
Royce & Associates 143.5K -95.11K -39.9%
Citadel Advisors 82.41K +82.41K NEW
Pacer Advisors 85.05K +79.89K +1548.2%

Financial report summary

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Risks
  • Macroeconomic fluctuations may harm our business, results of operations and stock price.
  • The effects of the ongoing coronavirus (“COVID‐19”) pandemic on our business is uncertain and may adversely affect our results of operations and cash flows.
  • Information systems and technology networks failures and breaches in data security, personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information, or a violation of our privacy and security policies with respect to such information, could adversely affect us.
  • We are subject to numerous lawsuits for asbestos-related personal injury, and costs associated with these lawsuits may adversely affect our financial condition, results of operations and cash flows.
  • Our ability to source components and raw materials from our suppliers could be disrupted or delayed in our supply chain which could adversely affect our results of operations.
  • Demand for our products is variable and subject to factors beyond our control, which could result in unanticipated events significantly impacting our results of operations.
  • Our businesses are subject to extensive governmental regulation; failure to comply with those regulations could adversely affect our financial condition, results of operations, cash flows and reputation.
  • The prices of our components and raw materials could fluctuate dramatically, which may adversely affect our profitability.
  • We compete with other manufacturing businesses for highly qualified employees in the countries in which we operate, and we may not be able to retain our personnel or hire and retain additional personnel needed for us to sustain and grow our business as planned.
  • Our operations expose us to the risk of environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation.
  • We conduct a substantial portion of our business outside the U.S. and face risks inherent in non-domestic operations.
  • We may be unable to identify or to complete acquisitions, or to successfully integrate the businesses we acquire.
  • Our future results of operations and financial condition could be adversely impacted by intangible asset impairment charges.
  • Our business could be harmed if we are unable to protect our intellectual property.
  • We may be unable to improve productivity, reduce costs and align manufacturing capacity with customer demand.
  • We could face potential product liability or warranty claims, we may not accurately estimate costs related to such claims, and we may not have sufficient insurance coverage available to cover such claims.
  • We may be unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow.
  • We face significant competition which may adversely impact our financial condition, results of operations, and cash flows in the future.
  • Net periodic pension (benefit) cost and pension contributions associated with our retirement benefit plans may fluctuate significantly depending upon changes in actuarial assumptions and future market performance of plan assets.
  • Additional tax expense or exposures could affect our financial condition, results of operations and cash flows.
  • If our internal controls are found to be ineffective, our financial results or our stock price may be adversely affected.
  • Process Flow Technologies
  • Payment & Merchandising Technologies
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are a diversified manufacturer of highly engineered industrial products. Our operations are comprised of four segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Our primary end markets include process industries (chemical production, oil & gas, power, and general industrial), non-residential and municipal construction, payment automation solutions, banknote design and production, aerospace, defense and space, along with a wide range of general industrial and certain consumer related end markets.
  • Our strategy is to grow earnings and cash flow by focusing on the manufacturing of highly engineered industrial products for specific markets where our scale is a relative advantage, and where we can compete based on our proprietary and differentiated technology, our deep vertical expertise, and our responsiveness to unique and diverse customer needs. We continuously evaluate our portfolio, pursue acquisitions that complement our existing businesses and are accretive to our growth profile, selectively divest businesses where appropriate, and pursue internal mergers to improve efficiency. We strive to foster a performance-based culture focused on productivity and continuous improvement, to attract and retain a committed management team whose interests are directly aligned with those of our shareholders, and to maintain a focused, efficient corporate structure.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Certificate, comparison, contributor, conveyed, delivered, difficult, Incremental, loan, modestly, notable, officially, Redco, Secretary, solid, term, vehicle
Removed: approve, authority, close, closing, excluded, Executing, operational, relation, retail, separate, slightly, volume