Skip to Content
Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Crane Posts Strong Q3 Results and Raises Full-Year 2021 Guidance; Increasing Fair Value Estimate

Analyst Note

| Krzysztof Smalec, CFA |

Narrow-moat rated Crane delivered stellar third-quarter results, as its revenue of $834 million and adjusted EPS of $1.89 both crushed FactSet consensus estimates ($767 million and $1.36, respectively). We’ve raised our fair value estimate for Crane to $115 from $111, which reflects the firm’s outperformance and our more optimistic near-term projections. The stock surged by around 10% after the earnings release, but we continue to see Crane as modestly undervalued, with shares trading roughly 11% below our updated fair value estimate.

Read Full Analysis

Company Profile

Business Description

Crane Co. is a diversified industrial firm, manufacturing a broad range of products, including valves, vending equipment, payment acceptance equipment, and aerospace components. The firm’s business is organized into three segments: process flow technologies, payment & merchandising technologies, and aerospace & electronics. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane generated approximately $2.9 billion in revenue and $323 million in adjusted operating income in 2020.

100 First Stamford Place
Stamford, CT, 06902
T +1 203 363-7300
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 11,000