Crane (NYSE:CR)‘s stock had its “buy” rating reissued by analysts at AltaCorp Capital in a report released on Monday.
Other equities research analysts have also issued reports about the company. Canaccord Genuity restated a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Seaport Global Securities upgraded 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 research note on Thursday, October 26th. Bank of America increased their price target on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer reiterated a “buy” rating and issued a $92.00 price target (up previously from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Finally, Scotiabank reiterated a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $95.83.
Crane (NYSE CR) traded up $0.70 during trading hours on Monday, hitting $92.28. The stock had a trading volume of 153,100 shares, compared to its average volume of 255,511. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 1.96. The stock has a market cap of $5,560.00, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. Crane has a 52-week low of $67.62 and a 52-week high of $92.71.
Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. Crane’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. research analysts anticipate that Crane will post 4.53 earnings per share for the current year.
In other Crane news, VP A D. Pantaleoni sold 4,650 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $83.11, for a total transaction of $386,461.50. Following the completion of the transaction, the vice president now owns 1,076 shares of the company’s stock, valued at approximately $89,426.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. L Tullis sold 2,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the transaction, the director now directly owns 2,110 shares of the company’s stock, valued at approximately $171,838.40. The disclosure for this sale can be found here. Insiders sold a total of 22,403 shares of company stock valued at $1,896,288 in the last quarter. 3.10% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CR. Victory Capital Management Inc. boosted its holdings in shares of Crane by 50.8% during the 3rd quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock valued at $53,033,000 after purchasing an additional 223,225 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Crane by 13.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,440,120 shares of the conglomerate’s stock valued at $115,195,000 after purchasing an additional 167,051 shares during the last quarter. FMR LLC boosted its holdings in shares of Crane by 338.8% during the 2nd quarter. FMR LLC now owns 202,628 shares of the conglomerate’s stock valued at $16,085,000 after purchasing an additional 156,454 shares during the last quarter. Robecosam AG boosted its holdings in shares of Crane by 112.3% during the 2nd quarter. Robecosam AG now owns 182,063 shares of the conglomerate’s stock valued at $14,305,000 after purchasing an additional 96,322 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Crane by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock valued at $326,871,000 after purchasing an additional 95,817 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.
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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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