Crane (NYSE:CR) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other research firms have also recently issued reports on CR. Oppenheimer reiterated a “buy” rating and issued a $92.00 target price (up from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Wolfe Research cut shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus boosted their target price on shares of Crane from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Bank of America boosted their target price on shares of Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Seaport Global Securities upgraded shares of Crane from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $95.00 in a research note on Thursday, October 26th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Crane presently has an average rating of “Buy” and an average price target of $93.33.

Shares of Crane (NYSE CR) traded down $1.36 during midday trading on Wednesday, reaching $82.54. 239,900 shares of the company’s stock traded hands, compared to its average volume of 315,428. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66. Crane has a twelve month low of $67.62 and a twelve month high of $86.67. The firm has a market cap of $4,979.46, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 EPS 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 business had revenue of $695.90 million during the quarter, compared to analysts’ expectations of $679.77 million. During the same period in the previous year, the business posted $1.07 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. sell-side analysts forecast 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 on Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the sale, the vice president now owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP A D. Pantaleoni sold 4,650 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $83.11, for a total transaction of $386,461.50. Following the sale, the vice president now directly owns 1,076 shares of the company’s stock, valued at approximately $89,426.36. The disclosure for this sale can be found here. Insiders have sold 22,403 shares of company stock valued at $1,896,288 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in shares of Crane by 7.8% in the second quarter. Legal & General Group Plc now owns 54,028 shares of the conglomerate’s stock valued at $4,288,000 after purchasing an additional 3,894 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Crane by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 642,497 shares of the conglomerate’s stock valued at $51,002,000 after purchasing an additional 11,670 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Crane by 23.7% in the second quarter. JPMorgan Chase & Co. now owns 582,484 shares of the conglomerate’s stock valued at $46,237,000 after purchasing an additional 111,581 shares during the period. Victory Capital Management Inc. grew its holdings 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 valued at $53,033,000 after purchasing an additional 223,225 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Crane in the second quarter valued at about $204,000. 68.36% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Crane (NYSE:CR)

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