Crane (NYSE:CR)‘s stock had its “buy” rating reiterated by stock analysts at AltaCorp Capital in a research note issued on Monday.

Several other equities research analysts have also weighed in on CR. Zacks Investment Research lowered Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $95.00 target price on shares of Crane in a research note on Tuesday, December 5th. Vertical Research upgraded Crane from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $99.00 price target (up previously from $87.00) on shares of Crane in a research report on Tuesday. Finally, Bank of America raised their price objective on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $95.83.

Crane (CR) opened at $92.30 on Monday. Crane has a one year low of $67.62 and a one year high of $93.59. The firm has a market cap of $5,476.81, a PE ratio of 41.39, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a quick ratio of 1.96, a current ratio of 2.66 and a debt-to-equity ratio of 0.54.

Crane (NYSE:CR) last posted its earnings results 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. The firm had revenue of $695.90 million during the quarter, compared to the consensus estimate of $679.77 million. Crane had a net margin of 4.96% and a return on equity of 20.70%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. equities analysts expect that Crane will post 4.53 earnings per share for the current fiscal year.

In other news, Director James L. L. Tullis sold 2,000 shares of Crane stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the sale, the director now owns 2,110 shares of the company’s stock, valued at approximately $171,838.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the vice president now directly owns 84,116 shares in the company, valued at approximately $7,257,528.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,403 shares of company stock worth $1,896,288. Company insiders own 3.10% of the company’s stock.

Large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC grew 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 purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Crane by 8.5% during 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. Howe & Rusling Inc. grew its holdings in shares of Crane by 88.5% during 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. ClariVest Asset Management LLC grew its holdings in shares of Crane by 54.2% during 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. Finally, Fruth Investment Management acquired a new stake in shares of Crane during the 4th quarter worth approximately $205,000. 68.30% of the stock is currently owned by institutional investors.

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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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