Public Employees Retirement System of Ohio grew its holdings in shares of Crane Co. (NYSE:CR) by 30.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,969 shares of the conglomerate’s stock after buying an additional 24,646 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.18% of Crane worth $8,396,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC boosted its holdings in shares of Crane by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock worth $127,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Crane by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 140 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of Crane by 221.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock worth $148,000 after purchasing an additional 1,282 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Crane by 88.5% in the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after purchasing an additional 1,057 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in shares of Crane by 54.2% in the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock worth $182,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.
In other news, Director E Thayer Bigelow sold 1,067 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $82.79, for a total transaction of $88,336.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. L Tullis sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the sale, the director now directly owns 2,110 shares of the company’s stock, valued at $171,838.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,403 shares of company stock worth $1,896,288. Company insiders own 3.10% of the company’s stock.
A number of equities analysts recently issued reports on CR shares. Royal Bank of Canada reiterated a “hold” rating on shares of Crane in a report on Monday, September 25th. Zacks Investment Research upgraded Crane from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Monday, October 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Crane in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $84.00 target price on shares of Crane in a report on Wednesday, October 4th. Finally, Scotiabank reiterated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $93.83.
Shares of Crane Co. (NYSE:CR) traded up $0.70 during trading hours on Friday, reaching $92.28. The company’s stock had a trading volume of 153,137 shares, compared to its average volume of 310,249. 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 Co. has a fifty-two week low of $67.62 and a fifty-two week high of $92.71. The company has a market cap of $5,500.00, a PE ratio of 41.20, a PEG ratio of 1.83 and a beta of 1.17.
Crane (NYSE:CR) last issued its quarterly earnings data 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 return on equity of 20.70% and a net margin of 4.96%. The business had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $679.77 million. During the same period last year, the business earned $1.07 EPS. The business’s revenue was up .2% on a year-over-year basis. equities research analysts forecast that Crane Co. will post 4.53 earnings per share for the current year.
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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.
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