Augustus I. Dupont Sells 11,130 Shares of Crane Company (CR) Stock
Crane Company (NYSE:CR) VP Augustus I. Dupont sold 11,130 shares of Crane stock in a transaction that occurred on 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 of the company’s stock, valued at $7,257,528.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Crane Company (NYSE CR) traded down 2.94% during trading on Monday, hitting $82.82. The stock had a trading volume of 365,533 shares. The company has a 50-day moving average of $80.17 and a 200-day moving average of $78.33. Crane Company has a 52 week low of $66.29 and a 52 week high of $86.67. The stock has a market capitalization of $4.94 billion, a P/E ratio of 37.73 and a beta of 1.11.
Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. During the same quarter last year, the business posted $1.07 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Crane Company will post $4.52 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Crane by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock worth $326,871,000 after buying an additional 95,817 shares in the last quarter. BlackRock Inc. raised its position in shares of Crane by 2.0% in the second quarter. BlackRock Inc. now owns 4,077,492 shares of the conglomerate’s stock worth $323,668,000 after buying an additional 80,055 shares in the last quarter. State Street Corp raised its position in shares of Crane by 2.1% in the second quarter. State Street Corp now owns 1,294,600 shares of the conglomerate’s stock worth $102,771,000 after buying an additional 26,771 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Crane by 115.7% in the second quarter. Principal Financial Group Inc. now owns 1,273,069 shares of the conglomerate’s stock worth $101,056,000 after buying an additional 682,934 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Crane by 50.8% in the third quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock worth $53,033,000 after buying an additional 223,225 shares in the last quarter. Institutional investors own 68.92% of the company’s stock.
CR has been the subject of several research analyst reports. Zacks Investment Research upgraded Crane from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Monday, July 17th. BidaskClub upgraded Crane from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Scotiabank restated a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $92.00 price target (up from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.63.
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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