Crane Company (NYSE:CR) had its target price lifted by analysts at Stifel Nicolaus from $85.00 to $87.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the conglomerate’s stock. Stifel Nicolaus’ price target indicates a potential upside of 1.40% from the company’s current price.

CR has been the topic of a number of other reports. Boenning Scattergood reissued a “hold” rating on shares of Crane in a report on Tuesday. Scotiabank reissued a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Royal Bank Of Canada reissued a “hold” rating on shares of Crane in a report on Monday, September 25th. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Monday, October 2nd. Finally, BidaskClub raised Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.75.

Shares of Crane (NYSE:CR) opened at 85.80 on Wednesday. The firm has a 50-day moving average of $79.11 and a 200-day moving average of $78.15. The company has a market capitalization of $5.11 billion, a P/E ratio of 39.09 and a beta of 1.12. Crane has a one year low of $65.88 and a one year high of $86.50.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The company had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $679.77 million. Crane had a return on equity of 21.34% and a net margin of 4.96%. Crane’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. Equities research analysts expect that Crane will post $4.49 EPS for the current fiscal year.

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In other news, VP Edward S. Switter sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $74.03, for a total transaction of $518,210.00. Following the transaction, the vice president now directly owns 23,873 shares of the company’s stock, valued at $1,767,318.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kristian Robert Salovaara sold 9,200 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.20, for a total value of $701,040.00. Following the transaction, the vice president now directly owns 24,786 shares in the company, valued at $1,888,693.20. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock worth $1,661,630 over the last ninety days. Insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of Crane by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock valued at $127,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Crane by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after buying an additional 140 shares during the period. Global X Management Co. LLC increased its stake in shares of Crane by 221.0% during the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock valued at $148,000 after buying an additional 1,282 shares during the period. Howe & Rusling Inc. increased its stake in shares of Crane by 88.5% during the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after buying an additional 1,057 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Crane during the second quarter valued at approximately $204,000. 69.44% of the stock is currently owned by hedge funds and other institutional investors.

Crane Company Profile

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.

Analyst Recommendations for Crane (NYSE:CR)

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