Crane: Many Moving Parts, But Underlying Value Worth Considering

This may be the year of the tiger in the Chinese zodiac, but it’s been a year of the duck for Crane (NYSE:CR) – while things may look relatively calm at the surface level, there’s a lot of activity going on beneath the waterline. Not only has the company been navigating some challenging cross-currents in multiple businesses, as well as a still-tough supply situation, the company has pushed forward with a business reorganization and an offloading of asbestos liabilities.

It's fair to note that Crane’s organic growth has lagged the broader industrial sector this year so far, but I do think there’s more of a “coiled spring” here heading into a more challenging 2023 than for many industrials. The shares are down about 11% since my last update, outperforming the broader industrial group a bit, but I do still see some worthwhile value here now.

 

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Crane: Many Moving Parts, But Underlying Value Worth Considering