Crane (CR) Stock Rating Upgraded by ValuEngine

Crane (NYSE:CR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Sunday, December 31st.

Other equities analysts also recently issued research reports about the stock. Scotiabank reissued a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Canaccord Genuity reaffirmed a “buy” rating on shares of Crane in a report on Friday, November 3rd. Seaport Global Securities raised shares of Crane from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $95.00 in a report on Thursday, October 26th. Bank of America upped their price objective on shares of Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Stifel Nicolaus upped their price objective on shares of Crane from $85.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Crane presently has an average rating of “Buy” and a consensus price target of $93.83.

Crane (CR) traded down $0.28 during mid-day trading on Friday, reaching $91.29. 312,100 shares of the company’s stock traded hands, compared to its average volume of 244,983. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. Crane has a 12-month low of $67.62 and a 12-month high of $91.93. The company has a market capitalization of $5,460.00, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Crane (NYSE:CR) last released its earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The firm had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. equities research analysts predict that Crane will post 4.53 earnings per share for the current fiscal year.

In other news, VP Augustus I. Dupont sold 11,130 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $86.28, for a total value of $960,296.40. Following the transaction, the vice president now owns 84,116 shares in the company, valued at approximately $7,257,528.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP A D. Pantaleoni sold 4,650 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $83.11, for a total value of $386,461.50. Following the completion of the transaction, the vice president now owns 1,076 shares in the company, valued at approximately $89,426.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,403 shares of company stock worth $1,896,288. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fruth Investment Management acquired a new position in shares of Crane in the 4th quarter valued at about $205,000. AXA increased its holdings in shares of Crane by 3.6% in the 3rd quarter. AXA now owns 113,700 shares of the conglomerate’s stock valued at $9,095,000 after purchasing an additional 4,000 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Crane by 30.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 104,969 shares of the conglomerate’s stock valued at $8,396,000 after buying an additional 24,646 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Crane by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 135,312 shares of the conglomerate’s stock valued at $10,824,000 after buying an additional 4,412 shares in the last quarter. Finally, Janney Capital Management LLC grew its stake in shares of Crane by 43.7% in the 3rd quarter. Janney Capital Management LLC now owns 4,752 shares of the conglomerate’s stock valued at $380,000 after buying an additional 1,444 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

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About Crane

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Crane (NYSE:CR)

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