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Crane (NYSE:CR) Stock, Rapport sur les intérêts à découvert

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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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.

News

Downgrades

Price Target

Analyst Ratings

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

Guidance

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

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>

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GTLS

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>

Deere Recalls Its Compact Utility Tractors for Brake Failure Risk

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>

Dividends

Buybacks

Stanley Black Exhibits Bright Prospects, Headwinds Persist

Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) has introduced three new solutions, namely, the Zebra Kiosk System, Zebra Workcloud Actionable Intelligence 7.0 and the ET6x Windows rugged tablets at the annual ZONE customer conference.
At Zebra Technologies&#39; ZONE event, retailers connect with customers, partners and prospects to explore industry challenges and opportunities with keynote presentations focusing on key topics, including inventory management, loss prevention and efficiency improvement. In this event, the company introduced its expanded range of integrated hardware and software solutions, utilizing AI, cloud and machine learning to enhance workflow efficiencies and elevate customer and associate experiences in modern retail environments.
ZBRA&#39;s Kiosk System is a versatile, modular solution made to address self-service needs across retail and other sectors, anchored by the KC50 Android Kiosk Computer available in 15&quot; and 22&quot; screen sizes. This system, which includes tap-to-pay, works with all major payment terminals and has a voice assistant, thereby making checkout easier and allowing staff to focus on more important tasks. Built on Qualcomm&#39;s advanced chipset and Zebra&#39;s Enterprise Android platform with Mobility DNA, the product ensures seamless connectivity, security and management, with flexible deployment options and the ability to add components like barcode scanners, payment terminals or a TD50 15&quot; touch display for a dual-display setup.
Zebra Workcloud Actionable Intelligence 7.0 brings a next-gen, AI-powered analytics platform tailored for the modern store, leveraging Google Cloud&#39;s serverless query engine for unmatched speed and performance. The update automates data analysis, task management and action verification, enabling users to quickly identify hidden insights and streamline workflows, ultimately enhancing productivity and uncovering opportunities beyond human detection.
The ET6x Windows rugged tablets, powered by Intel&#39;s Core Ultra platform with a dedicated Neural Processing Unit, enhance AI capabilities across industries such as retail, logistics and field services. These advanced features improve performance and efficiency for various applications. The tablets also come with the Zebra Control Hub for streamlined configuration and management, featuring an advanced AI-enabled touchscreen for improved accuracy, AI-powered audio for better communication and flexible usage options.
<h2>ZBRA&#39;s Zacks Rank and Price Performance</h2>
ZBRA currently carries a Zacks Rank #3 (Hold).
Zebra Technologies is focusing on advancing digital capabilities, optimizing the supply chain and expanding data analytics capabilities to engage with its customers. Higher sales of mobile computing products are supporting the Enterprise Visibility &amp; Mobility segment&#39;s sales.
In the past year, the company&#39;s shares have gained 31.4% compared with the industry&#39;s 23.1% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/90/77384.jpg?v=722242881" />
Image Source: Zacks Investment Research
Weak demand for printing solutions is affecting the company&#39;s Asset Intelligence &amp; Tracking segment. Low demand for RFID products is also concerning. High debt levels are also likely to raise the company&#39;s financial obligations and hurt profitability. Given its diverse presence, forex woes remain concerning.
<h2>Stocks to Consider</h2>
Some better-ranked companies 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 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.
<a href="https://www.zacks.com/stock/news/2334835/zebra-technologies-unveils-retail-efficiency-solutions-at-zone?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334835">To read this article on Zacks.com click here.</a>

Retail Sales

Management

Tech

ZBRA

Zebra Technologies Unveils Retail Efficiency Solutions at ZONE

Tetra Tech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (&quot;USAID&quot;). The latest deal will involve the company supporting USAID&#39;s Engendering Industries program.
As part of the single-award deal, Tetra Tech will work on enhancing gender equality and women&#39;s economic empowerment opportunities in multiple industries throughout the world. These industries include water, infrastructure, power, transportation as well as information and communications technology.
Under the USAID Engendering Industries program, the company&#39;s professionals will utilize data-driven change management tactics to help companies and organizations boost gender equality and economic opportunities for women globally. As part of the Engendering Industries program since 2018, TTEK has been offering technical support services to more than 68 organizations in 39 countries.
<h2>Tetra Tech&#39;s Other Notable Contracts</h2>
Lately, Tetra Tech has received a series of deals, which are likely to drive its growth. In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from National Aeronautics and Space Administration (&quot;NASA&quot;). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.
In January 2024, the company secured a $34 million contract from the USAID. Per the deal, TTEK will support the USAID Integrated Land and Resource Governance II project, which is aimed at promoting sustainable economic development through better land rights governance. Also, in the same month, it secured a $24 million, single-award deal from USAID to conserve biodiversity and natural resources in Cambodia.
<h2>TTEK&#39;s Zacks Rank and Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/49/77316.jpg?v=170175387" />
Image Source: Zacks Investment Research
Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company gained 50.1% in the past year against the industry&lsquo;s 11% decline.
<h2>Other Stocks to Consider</h2>
Other top-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 of 2.
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 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.
<a href="https://www.zacks.com/stock/news/2334556/tetra-tech-secures-39-3m-single-award-contract-from-usaid?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334556">To read this article on Zacks.com click here.</a>

TTEK

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

Proto Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>) announced that it launched Axtra3D Hybrid PhotoSynthesis technology, which expands its 3D printing capabilities. The launch of HPS complements Proto Labs&#39; strategy to meet additional customer needs and extend into production use cases.
<h2>PRLB&#39;s HPS to Complement Existing Capabilities</h2>
HPS employs a precision laser and a digital light processing system to capture images of internal and external part structures at the same time. This dual 3D printing approach helps overcome previous 3D printing limitations. Common HPS applications include production-grade components with high throughput parts. It requires high-accuracy features for testing and validation, and cosmetic prototypes with glass-like surface finishes.
HPS supports the company&#39;s existing Carbon digital light synthesis printers for 3D printing projects that demand better mechanical qualities.
<h2>Current Available HPS Materials Boost Proto Labs&#39; Potential</h2>
The two currently available HPS materials include Tough Black (Loctite Henkel 3843) and Ceramic-filled (BASF 3280).
Tough Black is an engineering-grade resin with great strength and exceptional impact resistance, whereas Ceramic-filled is a stiff substance commonly used for tooling and molding. Both materials increase the company&#39;s advanced photopolymer catalog and supplement the materials previously available for Carbon DLS.
<h2>PRLB Q2 Earnings Beat Estimates, Revenues Rise Y/Y</h2>
In the second quarter of 2024, Proto Labs reported a 3.3% year-over-year increase in revenues to $126 million. The top line met the Zacks Consensus Estimate. The company reported earnings per share of 18 cents against the loss of 1 cent posted in the second quarter of 2023. The bottom line beat the Zacks Consensus Estimate of 16 cents.
<h2>Proto Labs&#39; Share Price Performance</h2>
Proto Lab&#39;s shares have gained 0.4% in the past year against the industry&#39;s 16.6% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8c/77208.jpg?v=172366857" />
Image Source: Zacks Investment Research
<h2>PRLB&#39;s Zacks Rank &amp; Other Stocks to Consider</h2>
PRLB currently carries a Zacks Rank #2 (Buy).
Some other top-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 Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>). These three companies have a Zacks Rank #2 at present.
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 Cintas&#39; 2024 earnings is pegged at $16.64 per share. The consensus estimate for 2024 earnings has moved north by 1% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4%. CTAS shares have gained 60.4% in a year.
<a href="https://www.zacks.com/stock/news/2334207/proto-labs-launches-axtra3d-hps-technology-to-boost-capabilities?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334207">To read this article on Zacks.com click here.</a>

CTAS

PRLB

Proto Labs Launches Axtra3D HPS Technology to Boost Capabilities

Nordson Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndsn#NASDAQ">NDSN</a>) is well-poised for growth, courtesy of strength across its businesses and accretive acquisitions. Handsome rewards to shareholders add to the stock&#39;s appeal.
Headquartered in Westlake, OH, Nordson is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials and other fluids. The company&#39;s product line includes single-use components, stand-alone units for low-volume operations and microprocessor-based automated systems for high-speed, high-volume production lines.
Let&#39;s delve into the factors that make this company a smart investment choice at the moment.
Business Strength: Strong momentum in the Industrial Precision Solutions segment is supporting Nordson&#39;s performance. Growing demand for nonwoven product lines in the industrial and consumer non-durable end markets is aiding the segment. Also, the growing need for packaged goods in food and beverage, personal care and cosmetics markets is driving demand for the company&#39;s packaging product lines, which also bodes well for the segment.
Expansion Efforts: NDSN is focused on strengthening its competency through acquisitions. In the third quarter of fiscal 2024 (ended July 2024), acquired assets boosted the company&#39;s total revenues by 4%. In August 2024, Nordson completed the acquisition of Atrion Corporation. The inclusion of Atrion&#39;s three major businesses &mdash; Halkey Roberts, Atrion Medical and Quest Medical &mdash; will enable Nordson to expand its medical offerings in the infusion and cardiovascular therapies market. Management expects the buyout to offer significant operational synergies when combined with its medical business expertise.
In August 2023, the company acquired ARAG Group and its subsidiaries. The acquisition expanded Nordson&#39;s core capabilities in precision dispensing technology, helping it foray into the rapidly growing, precision agriculture end-market. ARAG is part of the Industrial Precision Solutions segment. Also, in November 2022, Nordson acquired CyberOptics Corporation, expanding its semiconductor test and inspection capabilities.
Nordson currently carries a Zacks Rank #2 (Buy). In the past three months, the stock has gained 10.1% compared with the industry&#39;s 3.7% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d2/75597.jpg?v=661930330" />
Image Source: Zacks Investment Research
Rewards to Shareholders: NDSN continues to increase shareholders&#39; value through dividend payments and share repurchases. In the first nine months of fiscal 2024, it paid out dividends of $116.8 million, up 4.8% year over year. In the same period, it bought back shares worth $34.1 million. In August 2024, the company hiked its dividend by 15% to 78 cents per share. This marks its 61st consecutive year of dividend increase.
In September 2022, the company&#39;s board authorized the repurchase of up to an additional $500 million in shares on top of the existing share repurchase authorization. Exiting the fiscal third quarter, it had approximately $0.52 million available of the total $1.5 million authorized for share repurchases.
<h2>Other Stocks to Consider</h2>
Some other top-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 of 2.
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%.
Ferguson Enterprises Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ferg#NYSE">FERG</a>) currently carries a Zacks Rank of 2. FERG delivered a trailing four-quarter average earnings surprise of 2.6%.
In the past 60 days, the consensus estimate for Ferguson&#39;s fiscal 2025 earnings has remained steady.
<a href="https://www.zacks.com/stock/news/2327853/here-s-why-you-should-add-nordson-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327853">To read this article on Zacks.com click here.</a>

FERG

NDSN

Here's Why You Should Add Nordson Stock to Your Portfolio Now

Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) stands to benefit from strength across its businesses, focus on operational excellence and solid liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position.
HWM, which has a market capitalization of $39.4 billion, currently sports a Zacks Rank #1 (Strong Buy). Let&#39;s delve into the factors that have been aiding the firm for a while now.
End-Market Strength: Howmet is benefiting from solid momentum in the commercial aerospace market. Solid demand for engine products, supported by higher build rates, spares growth and robust backlogs are driving the segment&#39;s performance. Revenues from the commercial aerospace market increased 27% year over year in the second quarter of 2024, constituting more than 50% of its business.
While the commercial aerospace market has remained a major driver, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. The company has been witnessing robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters.
Strong Liquidity Position: The company&#39;s sound liquidity position is an added positive. Exiting the second quarter, Howmet&#39;s cash equivalents and receivables were $1.52 billion against short-term maturities of $782 million. This implies that it has sufficient cash to meet its current debt obligations.
Shareholder-Friendly Policies: Howmet remains committed to increasing shareholders&#39; value through dividend payments and share repurchases. For instance, in the first six months of 2024, it paid dividends worth $42 million and repurchased shares for $210 million. Also, in 2023, the company paid dividends of $73 million and repurchased shares worth $250 million. In July 2024, it hiked its dividend by 60% to 8 cents per share (annually: 32 cents).
<h2>Price Performance of HWM</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2e/75185.jpg?v=1009533765" />
Image Source: Zacks Investment Research
Year to date, the company&#39;s shares have surged 78.4%, higher than the industry&#39;s 30.2% growth.
Estimate Revisions: It&#39;s worth noting that the Zacks Consensus Estimate for HWM&#39;s 2024 earnings is pegged at $2.56 per share, indicating an increase of 7.1% from the 60-day-ago figure. The consensus estimate for 2025 earnings is pegged at $3.16 per share, indicating an increase of 8.2% from the year-ago period.
<h2>Other Key Picks</h2>
Other top-ranked stocks from the same space are discussed below.
Quanta Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>) currently carries a Zacks Rank # 2 (Buy).
PWR delivered a trailing four-quarter average earnings surprise of 4.6%. In the past 60 days, the Zacks Consensus Estimate for Quanta Services&#39; 2024 earnings has inched up 0.4%.
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 consensus estimate for CR&#39;s 2024 earnings has increased 1.6%.
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently has a Zacks Rank of 2. STRL delivered a trailing four-quarter average earnings surprise of 17.4%. In the past 60 days, the Zacks Consensus Estimate for 2024 earnings has increased 6.8%.
<a href="https://www.zacks.com/stock/news/2326114/here-s-why-it-is-worth-investing-in-howmet-hwm-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2326114">To read this article on Zacks.com click here.</a>

STRL

Here's Why it is Worth Investing in Howmet Stock Now

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying more Micron Technology, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) right here. &#8220;Now it's coming back down, I think it probably goes<a href="https://www.benzinga.com/news/24/08/40448174/whats-going-on-with-micron-mu-stock"> to 98, 99,&#8221; he noted.</a>
On Aug. 22, Susquehanna analyst Mehdi Hosseini maintained Micron Technology with a Positive and lowered the price target from $185 to $175.
Cramer said he likes Crane Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>). &#8220;It is a very well-run company that has totally pivoted and does very little metal-bending,&#8221; he added.
On July 29, Crane reported better-than-expected second-quarter financial results.
The &#8220;Mad Money&#8221; host recommended to sell some Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>). &#8220;Let the rest run. That will be the wise thing to do right here,&#8221; he added.
On Aug. 1, Iron Mountain reported better-than-expected second-quarter financial results and issued FY24 AFFO guidance above estimates. Also, the company increased its quarterly dividend.
L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) is &#8220;terrific,&#8221; he said.
On Aug. 14, RBC Capital analyst Ken Herbert downgraded L3Harris Technologies from Outperform to Sector Perform and lowered the price target from $250 to $240.
Cramer said, &#8220;I would own Devon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), but don't get excited.&#8221;
On Aug. 6, Devon Energy reported quarterly earnings of $1.41 per share, which beat the analyst consensus estimate of $1.26 per share. Quarterly revenue came in at $3.917 billion which beat the analyst consensus estimate.
&nbsp;&#8220;I think that Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is getting whacked by AMD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>),&#8221; Cramer said. &#8220;I much prefer Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).&#8221;
On Aug. 1, Intel reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 10 cents per share. 
Intel announced a $10 billion cost-reduction plan that it says will streamline operations and meaningfully cut spending and headcount, reducing non-GAAP R&amp;D and marketing, general and administrative (MG&amp;A) to approximately $20 billion in 2024 and approximately $17.5 billion in 2025, with further reductions expected in 2026.
Price Action:
<ul>
<li>Micron shares fell 3.8% to settle at $104.26 on Thursday.</li>
<li>Crane shares fell 0.02% to close at $150.84.</li>
<li>Intel shares fell 6.1% to settle at $20.10 on Thursday.</li>
<li>Iron Mountain shares gained 0.6% to settle at $112.78 on Thursday.</li>
<li>L3Harris shares gained 0.5% to close at $231.21 during Thursday's session.</li>
<li>Devon shares fell 0.4% to close at $43.67 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40506295/top-2-consumer-stocks-that-could-sink-your-portfolio-in-august">Top 2 Consumer Stocks That Could Sink Your Portfolio In August</a></li>
</ul>

Long Ideas

Media

INTC

Jim Cramer Praises L3Harris Technologies, Says Intel Is 'Getting Whacked' By AMD: 'I Much Prefer...'

Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) announced the acquisition of Criteria Labs, Inc., which would be integrated into DOV&#39;s Microwave Products Group (&quot;MPG&quot;) within the Engineered Products segment. This move will enable MPG to develop more compact and lightweight designs while maintaining performance and durability.
Criteria Labs is a pioneer in radio frequency devices and microelectronic engineering solutions for high-reliability applications. The company is primarily based in Austin, TX, where it operates a massive clean room dedicated to space test engineering, assembly and packaging. Criteria Labs&#39; facility in Penrose, CO, specializes in electronic component tape and reel packaging.
The acquisition of Criteria Labs will improve MPG&#39;s ability to achieve stringent Size, Weight and Power (SWaP) specifications. SWap specifications are critical for electronic warfare and communications systems.
The Engineered Products segment accounts for around 23% of Dover&#39;s revenues. In the second quarter of 2024, the Engineered Products segment&#39;s revenues rose 8.7% year over year to $515 million. The reported figure surpassed our expectation of $491 million. The segment&#39;s adjusted EBITDA grew 33.9% year over year to $107.6 million. The figure missed our estimate of $111 million.
DOV reported second-quarter 2024 adjusted earnings per share from continuing operations of $2.36, beating the Zacks Consensus Estimate of $2.21. The bottom line increased 15% year over year. 
Total revenues in the second quarter increased 3.7% year over year to $2.18 billion. The top line surpassed the Zacks Consensus Estimate of $2.15 billion. Organic growth was 4.8% in the quarter.
<h3>Price Performance</h3>
DOV shares have gained 31.6% in the past year compared with the industry&#39;s growth of 24.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ed/74750.jpg?v=441584161" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Dover currently has a Zacks Rank #3 (Hold).&nbsp;
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>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>). These three companies carry a Zacks Rank #2 (Buy) at present.
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.
Applied Industrial has an average trailing four-quarter earnings surprise of 7.4%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $10.15 per share, which indicates year-over-year growth of 4.1%. Estimates have been constant in the past 60 days. The company&#39;s shares have gained 36% in a year.
The Zacks Consensus Estimate for Cintas&#39; 2024 earnings is pegged at $16.64 per share. The consensus estimate for 2024 earnings has moved north by 1% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4%. CTAS shares have gained 60.4% in a year.
<a href="https://www.zacks.com/stock/news/2324481/dover-dov-boosts-portfolio-with-criteria-labs-acquisition?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2324481">To read this article on Zacks.com click here.</a>

Dover Boosts Portfolio With Criteria Labs Acquisition

WIIM

GTES

Shares of machinery companies are trading lower amid overall market weakness following weak US data.

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 $170 to $175.

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