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Crane Stock Clears Technical Benchmark, Hits 80-Plus RS Rating; EPS Climbed 205% Last Quarter

Crane (CR) may be one of the best companies you’ve never heard of. Not as well known in aerospace as, say, Boeing (BA), or in the manufacturing industry as GE (GE), Crane is a top-rated maker of aerospace equipment, electronics and other gear. On Wednesday, the Relative Strength (RS) Rating for Crane stock jumped into a new percentile, rising to 85 from 77 the day before. On Monday, the company reported outstanding second quarter results.




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The 85 RS Rating means Crane stock has outperformed 85% of all stocks, regardless of industry group, over the past year. History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.

Crane Stock Tops In Its Group

Crane earns the No. 1 rank among its peers in the Diversified Operations industry group. Roper Technologies (ROP) and 3M (MMM) are also among the top-rated companies in the group.

Among other key ratings, Stamford, Conn.-based Crane boasts a 93 Composite Rating, out of 99.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Another outstanding metric is its A- Accumulation/Distribution Rating. The A/D Rating gauges buying by institutional investors on an A+ to E scale with A+ tops. The A- rating indicates funds are heavily accumulating its shares.

One not-so-great number is its 79 EPS Rating, which reflects lack of profits for a couple of quarters in of 2020. However, its earnings reversed from 37% drop in the December 2020 ended quarter to rise 47% and then 205% last quarter to $1.83 a share.

CEO Max Mitchell commented on Q2 results that, “All three of our strategic growth platforms continue to perform extremely well, and we continue to see strengthening underlying trends in our primary end markets as reflected in our core year-over-year order growth of 45% and core year-over-year backlog growth of 7%.”

Sales Climb Last 2 Quarters

In terms of other fundamentals, revenue growth has also increased during the past two quarters. Last quarter Crane recorded a 24% gain to $796.4 million.

Crane stock roughly doubled from a 49.05 intraday low in December to 99.93 on May 10 before consolidating. It traded at 93.55 Wednesday afternoon.


See How IBD Helps You Make More Money In Stocks


Crane is building a consolidation with a 100.03 buy point. See if the stock can clear the breakout price in heavy volume.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of other stocks on the major indexes.

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