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Crane

Crane Holdings

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.

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GTLS

Chart Industries, Inc. (NYSE: GTLS) recently secured a contract from Exxon Mobil Corporation (NYSE: XOM) to provide its IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) liquefaction technology and proprietary equipment

Chart Industries Clinches IPSMR &amp; Liquefaction Equipment Order

Guidance

Deere &amp; Company (NYSE: DE) has recalled about 147,900 compact utility tractors in the United States due to a potential brake failure risk, per reports. This voluntary recall will ensure customer safety.

Deere Recalls Its Compact Utility Tractors for Brake Failure Risk

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Stanley Black &amp; Decker, Inc.&#39;s (NYSE: SWK) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead.

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Tetra Tech Secures $39.3M Single-Award Contract From USAID

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Stifel analyst Nathan Jones downgrades Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) from Buy to Hold and maintains the price target from $176 to $176.

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Stifel Downgrades Crane to Hold, Maintains Price Target to $176

Crane Company  Acquires Technifab Products, Inc. For $40.5M On a Cash-Free And Debt-Free Basis; Technifab Had Trailing 12-month Sales And Adjusted EBITDA Of Approximately $20M And $4M, Respectively

Crane Holdings Raises FY24 Adj. EPS from $4.95-$5.15 To $5.05-$5.20 Vs $4.26 Est

Crane Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.14 by 21.05 percent. The company reported quarterly sales of $597.20 million which beat the analyst consensus estimate of $392.44 million by 52.18 percent. This is a 12.66 percent increase over sales of $530.10 million the same period last year.

Earnings Beats

Crane Holdings Q3 2024 Adj EPS $1.38 Beats $1.14 Estimate, Sales $597.20M Beat $392.44M Estimate

Crane Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Crane Holdings will report an earnings per share (EPS) of $1.31.
Investors in Crane Holdings are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.07, leading to a 4.84% drop in the share price on the subsequent day.
Here's a look at Crane Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.23</td>
<td>1.12</td>
<td>0.82</td>
<td>0.87</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.30</td>
<td>1.22</td>
<td>0.90</td>
<td>1.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>6.0%</td>
<td>8.0%</td>
<td>14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729864886_0.png" alt="eps graph" />
<h3>Market Performance of Crane Holdings's Stock</h3>
Shares of Crane Holdings were trading at $150.52 as of October 24. Over the last 52-week period, shares are up 60.95%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Crane Holdings</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Crane Holdings.
The consensus rating for Crane Holdings is Buy, derived from 3 analyst ratings. An average one-year price target of $177.33 implies a potential 17.81% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Donaldson, Middleby and Flowserve, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Donaldson is maintaining an Neutral status according to analysts, with an average 1-year price target of $71.0, indicating a potential 52.83% downside.</li>
<li>Analysts currently favor an Buy trajectory for Middleby, with an average 1-year price target of $154.25, suggesting a potential 2.48% upside.</li>
<li>Analysts currently favor an Buy trajectory for Flowserve, with an average 1-year price target of $59.2, suggesting a potential 60.67% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary presents essential metrics for Donaldson, Middleby and Flowserve, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Crane</td>
<td>Buy</td>
<td>14.05%</td>
<td>$223.90M</td>
<td>4.98%</td>
</tr>
<tr>
<td>Donaldson</td>
<td>Neutral</td>
<td>6.36%</td>
<td>$334.80M</td>
<td>7.38%</td>
</tr>
<tr>
<td>Middleby</td>
<td>Buy</td>
<td>-4.66%</td>
<td>$379.64M</td>
<td>3.43%</td>
</tr>
<tr>
<td>Flowserve</td>
<td>Buy</td>
<td>7.08%</td>
<td>$366.10M</td>
<td>3.70%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Crane Holdings ranks highest in Gross Profit among its peers. It is in the middle for Revenue Growth and Return on Equity.
<h3>Get to Know Crane Holdings Better</h3>
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.
<h3>Breaking Down Crane Holdings's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Crane Holdings displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 14.05%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Crane Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 12.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Crane Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 4.98%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Crane Holdings's ROA stands out, surpassing industry averages. With an impressive ROA of 2.91%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.26, Crane Holdings adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/CR/earnings">To track all earnings releases for Crane Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Crane Holdings's Earnings Potential

Stifel analyst Nathan Jones maintains Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) with a Buy and raises the price target from $168 to $175.

Stifel Maintains Buy on Crane, Raises Price Target to $175

Chart Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) recently secured a contract from Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) to provide its IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) liquefaction technology and proprietary equipment. GTLS&#39; advanced liquefaction technology will be used for the Rovuma LNG (liquefied natural gas) project on the Afungi peninsula in Mozambique.
The Rovuma LNG Project is operated by Mozambique Rovuma Venture (&quot;MRV&quot;), a joint venture between ExxonMobil, Eni and China National Petroleum Corporation (&quot;CNPC&quot;). MRV owns a 70% interest in Area 4 concession of the Rovuma Basin while the remaining stake is held by ENH (10%), Galp (10%) and KOGAS (10%).
The Rovuma LNG project will be responsible for producing, liquefying and selling natural gas from reservoirs of the Area 4 block of the offshore Rovuma Basin. The project will carry a total LNG capacity of 18 million tons per annum (MTA), consisting of 12 modules with a 1.5 MTA capacity each.
Chart Industries&#39; IPSMR technology helps to enhance efficiency and performance in liquefaction systems. Its modular design facilitates customization, thereby improving adaptability to various site conditions and gas turbine power specifications. It will help the Rovuma LNG Project to optimize resource utilization, reduce operational costs and minimize greenhouse gas emissions.
<h2>Other Notable Deals</h2>
In May 2024, Chart Industries secured an order from Repsol to provide its advanced Howden hydrogen compression solutions for the expansion project of Repsol&#39;s Sines industrial complex in Portugal.
Also, in March 2024, the company secured an order from Element Resources for its California-based green hydrogen production facility, Lancaster Clean Energy Center. Per the deal, Chart Industries will supply hydrogen liquefaction systems, liquid hydrogen storage tanks, trailer loadout bays, transport, ISO containers and hydrogen compression for storage, distribution and heavy-duty fueling to the facility.
<h2>Price Performance of GTLS Stock</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6e/80560.jpg?v=479817180" />
Image Source: Zacks Investment Research
In the past three months, the Zacks Rank #5 (Strong Sell) company&#39;s shares have lost 11.1% against the industry&#39;s 10.4% growth. It has been witnessing lower orders in the Heat Transfer Systems unit, which declined 9.4% year over year in second-quarter 2024. Headwinds from supply-chain constraints and increasing raw materials costs also remain concerning. GTLS anticipates generating sales in the range of $4.45-$4.60 billion in 2024, lower than $4.7-$5.0 billion projected earlier.
The Zacks Consensus Estimate for earnings is pegged at $10.46 per share for 2024, indicating a decrease of 4% from the 60-day-ago figure.
<h2>Stocks to Consider</h2>
Some better-ranked companies from the same space are discussed below.
Graham Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghm#NYSE">GHM</a>) currently sports a Zacks Rank #1 (Strong Buy).
GHM delivered a trailing four-quarter average earnings surprise of 133.3%. In the past 60 days, the Zacks Consensus Estimate for Graham&#39;s fiscal 2025 earnings has increased 17.3%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 0.6%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.4%.
<a href="https://www.zacks.com/stock/news/2346849/chart-industries-clinches-ipsmr-liquefaction-equipment-order?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2346849">To read this article on Zacks.com click here.</a>

Chart Industries Clinches IPSMR & Liquefaction Equipment Order

Deutsche Bank analyst Scott Deuschle maintains Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) with a Buy and raises the price target from $175 to $182.

Deutsche Bank Maintains Buy on Crane, Raises Price Target to $182

Deere &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) has recalled about 147,900 compact utility tractors in the United States due to a potential brake failure risk, per reports. This voluntary recall will ensure customer safety.
The recall applies to models 1023E, 1025R and 2025R sold between November 2017 and July 2024. In Canada, the company has recalled another 16,800 of the compact utility tractor models.
The front bell crank in the brake linkage of the recalled tractors may break, endangering users in the event of a crash, according to the Consumer Product Safety Commission (&quot;CPSC&quot;). There have been four reports of brake linkage failure in the United States so far, with one hospitalization, two impact injuries and minor damages to the tractors.
<h2>Deere&#39;s Commitment to Safety</h2>
The company is proactively addressing the issue in collaboration with the U.S. CPSC.
Deere instructed the impacted customers not to operate their tractors until they receive a free repair from an authorized Deere dealer. Customers have easy access to repair services due to over 2,000 dealerships in the United States and Canada. If the consumer is unable to move the tractor to a dealer&#39;s site, the company will arrange to repair the unit at the consumer&#39;s home.
<h2>DE&#39;s Topline Dips Y/Y in Q3</h2>
Deere reported third-quarter fiscal 2024 earnings of $6.29 per share, which beat the Zacks Consensus Estimate of $5.80. The bottom line, however, plunged 38% from the prior-year quarter.
This was due to lower shipment volumes across all segments, reflecting weak demand, which was somewhat negated by the company&#39;s pricing strategies and cost-saving measures.
Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.39 billion, down 19.9% year over year. However, net sales topped the Zacks Consensus Estimate of $10.87 billion. Total net sales (including financial services and others) were $13.15 billion, down 16.8% year over year.
<h2>Deere&#39;s 2024 Net Income Outlook Indicates Y/Y Dip</h2>
Deere stated that in the wake of challenging conditions in the global agricultural and construction sectors, the company will align its production with demand levels and also take steps to reduce costs. Deere maintained its guidance of net income for fiscal 2024 at $7 billion. The view suggests a 31% decline from net income of $10.2 billion reported in fiscal 2023.
Net sales for Production &amp; Precision Agriculture are expected to decrease 20-25% year over year in fiscal 2024. Sales of Small Agriculture &amp; Turf are expected to dip 20-25%. Deere projects sales of Construction &amp; Forestry to be down 10-15%. The Financial Services segment&#39;s net income is expected to be $720 million.
<h2>DE Share Price Outperforms Industry</h2>
DE shares have gained 8.7% in the past year compared with the industry&#39;s growth of 4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1c/79542.jpg?v=1652687335" />
Image Source: Zacks Investment Research
<h2>Deere&#39;s Zacks Rank &amp; Stocks to Consider</h2>
DE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>), Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) and RBC Bearings Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbc#NYSE">RBC</a>). Each stock presently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Crane&#39;s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.
Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS&#39; 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company&#39;s shares have gained 27.5% in a year.
The Zacks Consensus Estimate for RBC Bearings&#39; fiscal 2025 earnings is pegged at $9.71 per share. The consensus estimate for 2025 earnings has moved north by 1.4% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.7%. RBC shares have gained 27.2% in a year.
<a href="https://www.zacks.com/stock/news/2342803/deere-recalls-its-compact-utility-tractors-for-brake-failure-risk?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2342803">To read this article on Zacks.com click here.</a>

Stanley Black &amp; Decker, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain with the goal of repositioning it to pursue sustainable long-term growth.
In the first six months of 2024 and since the inception of the program, SWK realized pre-tax run rate savings of $295 million and $1.3 billion, respectively. The savings were driven by lower headcount, reductions of indirect spending and supply-chain transformation.
Stanley Black has been divesting non-core operations to drive growth. In April 2024, the company divested its STANLEY Infrastructure (Infrastructure) business to Epiroc AB for a cash consideration of $760 million. The divestment will help the company to focus on its core businesses, reduce debt and support capital-allocation priorities.
It remains focused on rewarding its shareholders through dividend payments and share buybacks. In the first six months of 2024, the firm paid dividends of $243.6 million, up 1.7% year over year. It also bought back shares worth $7.7 million. In July 2024, SWK hiked its quarterly dividend by a penny to 82 cents per share.
<h2>SWK&#39;s Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9c/77848.jpg?v=1064530480" />
Image Source: Zacks Investment Research
In the past three months, the Zacks Rank #3 (Hold) company has gained 20.2% compared with the industry&#39;s&nbsp; 9.4% growth.
Despite the positives, lower consumer outdoor and do-it-yourself market demand is a concern for the Tools &amp; Outdoor segment. Within the segment, the power tools business has been experiencing weaknesses due to reduced demand for consumer tools. Weakening automotive end markets, owing to headwinds in the global automotive OEM light vehicle production, are another setback.
Further, the low liquidity level remains a concern. Exiting the second quarter, the company&#39;s cash and cash equivalents were $318.5 million, lower than the short-term borrowings of $492.4 million. Its current maturities of long-term debt totaled $500.1 million. This implies that SWK does not have sufficient cash to meet its current debt obligations. Also, the stock looks more leveraged than the industry. Its long-term debt/capital ratio is currently 0.39, higher than 0.36 of the industry.
<h2>Stocks to Consider</h2>
Some better-ranked companies from the same space are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.2%.
<a href="https://www.zacks.com/stock/news/2336321/stanley-black-exhibits-bright-prospects-headwinds-persist?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2336321">To read this article on Zacks.com click here.</a>


Kevin HernHouse (R-OK)	$1K - $15K	stock	Sale	Dec 08, 2022	Nov 21, 2022	House
Kevin HernHouse (R-OK)	$15K - $50K	stock	Purchase	Dec 09, 2021	Nov 26, 2021	House

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