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

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity reiterated a “buy” rating on shares of Crane in a report on Friday, November 3rd. Seaport Global Securities raised shares of Crane from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Bank of America boosted their target price on shares of Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and set a $92.00 target price (up previously from $88.00) on shares of Crane in a research report on Wednesday, October 25th. Finally, Scotiabank reissued a “buy” rating on shares of Crane in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently 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. The stock has a market cap of $5,476.81, a price-to-earnings ratio of 41.39, a P/E/G ratio of 1.85 and a beta of 1.17. Crane has a fifty-two week low of $67.62 and a fifty-two week 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.

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

In other news, VP A D. Pantaleoni sold 4,650 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were 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 owns 1,076 shares of the company’s stock, valued at $89,426.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Augustus I. Dupont sold 11,130 shares of the company’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 transaction, the vice president now directly owns 84,116 shares of the company’s stock, valued at approximately $7,257,528.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,403 shares of company stock valued at $1,896,288. Company insiders own 3.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CR. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Crane during the second quarter valued at about $247,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Crane by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate’s stock valued at $586,000 after buying an additional 38 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Crane during the second quarter valued at about $2,719,000. Finally, Wells Fargo & Company MN raised its position in shares of Crane by 70.8% during the second quarter. Wells Fargo & Company MN now owns 190,530 shares of the conglomerate’s stock valued at $15,124,000 after buying an additional 79,005 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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Crane Company Profile

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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