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

A number of other research firms have also weighed in on CR. Stifel Nicolaus reaffirmed a “hold” rating and issued a $99.00 price objective (up previously from $87.00) on shares of Crane in a research note on Tuesday. Scotiabank reaffirmed a “buy” rating on shares of Crane in a research note on Tuesday, October 10th. Canaccord Genuity reaffirmed a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $95.00 in a research note on Thursday, October 26th. Finally, Bank of America upped 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $95.83.

Shares of Crane (NYSE CR) opened at $92.30 on Monday. Crane has a fifty-two week low of $67.62 and a fifty-two week high of $93.59. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5,560.00, a PE ratio of 41.21, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. Crane’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts expect that Crane will post 4.53 EPS for the current fiscal year.

In related news, VP Augustus I. Dupont sold 3,556 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $83.89, for a total value of $298,312.84. Following the sale, the vice president now directly owns 80,560 shares in the company, valued at $6,758,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was 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. Insiders sold 22,403 shares of company stock worth $1,896,288 over the last quarter. 3.10% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of CR. Victory Capital Management Inc. lifted its position 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 worth $53,033,000 after buying an additional 223,225 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Crane by 13.1% in the third quarter. Principal Financial Group Inc. now owns 1,440,120 shares of the conglomerate’s stock worth $115,195,000 after buying an additional 167,051 shares in the last quarter. FMR LLC lifted its position in shares of Crane by 338.8% in the second quarter. FMR LLC now owns 202,628 shares of the conglomerate’s stock worth $16,085,000 after buying an additional 156,454 shares in the last quarter. Robecosam AG lifted its position in shares of Crane by 112.3% in the second quarter. Robecosam AG now owns 182,063 shares of the conglomerate’s stock worth $14,305,000 after buying an additional 96,322 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Crane by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,117,785 shares of the conglomerate’s stock worth $326,871,000 after buying an additional 95,817 shares in the last quarter. 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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