Crane Co. (NYSE:CR) Director James L. L. Tullis acquired 400 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $90.62 per share, for a total transaction of $36,248.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Crane stock traded up $0.86 during midday trading on Thursday, hitting $93.87. The company had a trading volume of 144,374 shares, compared to its average volume of 400,201. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.61 and a beta of 1.31. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. Crane Co. has a 1-year low of $78.93 and a 1-year high of $102.65.
Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.16. The business had revenue of $855.80 million for the quarter, compared to the consensus estimate of $855.87 million. Crane had a net margin of 6.76% and a return on equity of 23.29%. Crane’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. As a group, research analysts forecast that Crane Co. will post 5.87 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. ValuEngine upgraded Crane from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Crane from a “sell” rating to a “hold” rating and set a $93.00 price target on the stock in a report on Wednesday, October 24th. UBS Group upgraded Crane from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, July 30th. Finally, Stifel Nicolaus increased their price target on Crane from $115.00 to $117.00 and gave the company a “buy” rating in a report on Monday, October 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $108.13.
Institutional investors have recently made changes to their positions in the company. Laurion Capital Management LP acquired a new stake in shares of Crane in the second quarter worth $1,939,000. Schwab Charles Investment Management Inc. grew its stake in shares of Crane by 6.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 370,894 shares of the conglomerate’s stock worth $29,720,000 after acquiring an additional 23,667 shares during the last quarter. Fruth Investment Management acquired a new stake in shares of Crane in the third quarter worth $226,000. Dimensional Fund Advisors LP grew its stake in shares of Crane by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 496,882 shares of the conglomerate’s stock worth $39,815,000 after acquiring an additional 26,365 shares during the last quarter. Finally, Global X Management Co LLC grew its stake in shares of Crane by 17.9% in the second quarter. Global X Management Co LLC now owns 14,450 shares of the conglomerate’s stock worth $1,158,000 after acquiring an additional 2,198 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.
Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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