Crane (NYSE:CR)‘s stock had its “buy” rating reaffirmed by analysts at AltaCorp Capital in a research report issued to clients and investors on Monday.

A number of other research firms also recently issued reports on CR. Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 price objective (up from $87.00) on shares of Crane in a report on Tuesday. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America lifted their price objective on shares of Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Oppenheimer reaffirmed a “buy” rating and set a $92.00 price objective (up from $88.00) on shares of Crane in a report on Wednesday, October 25th. Finally, Wolfe Research downgraded shares of Crane from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $95.83.

Crane (NYSE:CR) opened at $92.30 on Monday. 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 has a fifty-two week low of $67.62 and a fifty-two week high of $93.59. The company has a market cap of $5,560.00, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

Crane (NYSE:CR) last announced its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $695.90 million during the quarter, compared to the consensus estimate of $679.77 million. During the same period last year, the firm earned $1.07 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. equities research analysts anticipate that Crane will post 4.53 earnings per share for the current year.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the transaction, the director now owns 2,110 shares in the company, valued at $171,838.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Augustus I. Dupont sold 11,130 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 84,116 shares in the company, valued at approximately $7,257,528.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,403 shares of company stock worth $1,896,288. 3.10% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its position in shares of Crane by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock valued at $127,000 after acquiring an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Crane by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after acquiring an additional 140 shares during the period. Howe & Rusling Inc. increased its position in shares of Crane by 88.5% in the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after acquiring an additional 1,057 shares during the period. ClariVest Asset Management LLC increased its position in shares of Crane by 54.2% in the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after acquiring an additional 800 shares during the period. Finally, Fruth Investment Management purchased a new position in shares of Crane in the fourth quarter valued at about $205,000. Hedge funds and other institutional investors 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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