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

Other equities analysts have also issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Crane in a research report on Friday, November 3rd. Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and upped their target price for the company from $78.00 to $95.00 in a research report on Thursday, October 26th. Bank of America upped their target price on Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Oppenheimer reaffirmed a “buy” rating and issued a $92.00 target price (up from $88.00) on shares of Crane in a research report on Wednesday, October 25th. Finally, Scotiabank reiterated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Crane currently has a consensus rating of “Buy” and an average price target of $95.83.

Shares of Crane (NYSE:CR) traded up $0.02 on Monday, hitting $92.30. The company’s stock had a trading volume of 194,400 shares, compared to its average volume of 249,400. 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 price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66.

Crane (NYSE:CR) last announced its earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $679.77 million. During the same period in the prior year, the company posted $1.07 EPS. Crane’s quarterly revenue was up .2% on a year-over-year basis. analysts anticipate that Crane will post 4.53 earnings per share for the current year.

In related news, VP A D. Pantaleoni sold 4,650 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $83.11, for a total transaction of $386,461.50. Following the completion of the transaction, the vice president now directly owns 1,076 shares in the company, valued at approximately $89,426.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, the vice president now owns 84,116 shares of the company’s stock, valued at $7,257,528.48. The disclosure for this sale can be found here. Insiders sold a total of 22,403 shares of company stock valued at $1,896,288 over the last quarter. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Crane by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate’s stock worth $586,000 after buying an additional 38 shares during the last quarter. M&T Bank Corp grew its stake in Crane by 1.9% during the 2nd quarter. M&T Bank Corp now owns 4,989 shares of the conglomerate’s stock worth $395,000 after buying an additional 91 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 buying an additional 140 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Crane by 1.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,168 shares of the conglomerate’s stock worth $1,125,000 after buying an additional 236 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in Crane by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,136 shares of the conglomerate’s stock worth $1,201,000 after buying an additional 316 shares during the last quarter. 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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