Crane (NYSE:CR)‘s stock had its “buy” rating restated by equities researchers at AltaCorp Capital in a note issued to investors on Monday.

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

Shares of Crane (NYSE CR) opened at $92.30 on Monday. Crane has a 1-year low of $67.62 and a 1-year high of $93.59. 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 firm has a market capitalization of $5,560.00, a P/E ratio of 41.21, a P/E/G ratio of 1.85 and a beta of 1.17.

Crane (NYSE:CR) last issued its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. analysts predict that Crane will post 4.53 earnings per share for the current year.

In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the company’s stock in a transaction 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 $7,257,528.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. L Tullis sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the completion of the sale, the director now owns 2,110 shares in the company, valued at $171,838.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,403 shares of company stock worth $1,896,288. 3.10% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its position in 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 grew its position in 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. grew its position in 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 grew its position in 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 bought a new stake in Crane in the fourth quarter valued at $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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