Crane (NYSE:CR)‘s stock had its “buy” rating reissued by equities researchers at AltaCorp Capital in a report released on Monday.

A number of other analysts also recently commented on the company. Bank of America boosted their price objective on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Vertical Research raised Crane from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Canaccord Genuity reissued a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Oppenheimer reissued a “buy” rating on shares of Crane in a research note on Tuesday, December 5th. Finally, Scotiabank reissued a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $82.71.

Crane (NYSE:CR) traded up $0.70 on Monday, hitting $92.28. The stock had a trading volume of 153,100 shares, compared to its average volume of 255,511. Crane has a 12 month low of $67.62 and a 12 month high of $92.71. The company has a quick ratio of 1.96, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $5,560.00, a P/E ratio of 41.20, a PEG ratio of 1.85 and a beta of 1.17.

Crane (NYSE:CR) last posted its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 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 in the previous year, the business earned $1.07 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. research analysts expect 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 business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Following the sale, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. L Tullis sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total value of $162,880.00. Following the sale, the director now directly owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Insiders have sold 22,403 shares of company stock worth $1,896,288 over the last ninety days. 3.10% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC grew its holdings 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 in the last quarter. Howe & Rusling Inc. grew its holdings 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 in the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Crane by 54.2% during the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after buying an additional 800 shares in the last quarter. Finally, Fruth Investment Management purchased a new position in shares of Crane during the fourth quarter valued at $205,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

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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.

Analyst Recommendations for Crane (NYSE:CR)

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