Crane Company (NYSE:CR) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $71.67.
A number of research firms have recently issued reports on CR. BidaskClub upgraded shares of Crane Company from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus reiterated a “hold” rating and set a $84.00 price objective on shares of Crane Company in a research note on Thursday. Zacks Investment Research downgraded shares of Crane Company from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Crane Company from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Shares of Crane Company (CR) opened at 81.75 on Monday. Crane Company has a 12 month low of $56.41 and a 12 month high of $82.35. The company has a market capitalization of $4.86 billion, a PE ratio of 37.14 and a beta of 1.11. The stock has a 50 day moving average price of $78.37 and a 200-day moving average price of $75.51.
Crane Company (NYSE:CR) last issued its earnings results on Monday, April 24th. The conglomerate reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Crane Company had a net margin of 4.74% and a return on equity of 20.85%. The business had revenue of $673.40 million for the quarter, compared to analyst estimates of $655.84 million. During the same period last year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Crane Company will post $4.50 EPS for the current year.
In other Crane Company news, insider Thomas J. Craney sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.45, for a total value of $362,025.00. Following the completion of the sale, the insider now directly owns 19,562 shares in the company, valued at $1,573,762.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Philip R. Lochner sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.21, for a total transaction of $160,420.00. Following the completion of the sale, the director now owns 2,350 shares of the company’s stock, valued at $188,493.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,392 shares of company stock valued at $2,109,190. 3.10% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC increased its stake in shares of Crane Company by 15.7% in the first quarter. ClariVest Asset Management LLC now owns 1,476 shares of the conglomerate’s stock valued at $110,000 after buying an additional 200 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Crane Company by 80.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,114 shares of the conglomerate’s stock valued at $147,000 after buying an additional 944 shares during the period. Broderick Brian C purchased a new stake in shares of Crane Company during the first quarter valued at $202,000. Janney Capital Management LLC purchased a new stake in shares of Crane Company during the first quarter valued at $227,000. Finally, World Asset Management Inc increased its stake in shares of Crane Company by 2.4% in the first quarter. World Asset Management Inc now owns 3,093 shares of the conglomerate’s stock valued at $231,000 after buying an additional 72 shares during the period. Institutional investors own 69.08% of the company’s stock.
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About Crane Company
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.
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