Crane Co
CR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| R#t | LOCK|mC | LOCK|p^@nlN |
Crane: Maintaining $143 Fair Value Estimate After Engineered Materials Sale Announcement
We are maintaining our $143 per share fair value estimate for Crane after the company announced an agreement to sell its engineered materials business to private equity firm KPS Capital Partners for $227 million. We believe the divestment makes sense from a strategic perspective, as it will further simplify Crane’s portfolio and allow management to focus on growing the two remaining core segments.
