Shares of Crane Co. (NYSE:CR) have been given a consensus rating of “Hold” by the fifteen analysts that are covering the stock. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.00.
CR has been the subject of several recent analyst reports. Avondale Partners reiterated a “market perform” rating on shares of Crane in a report on Wednesday. Zacks Investment Research upgraded shares of Crane from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Credit Suisse Group AG reiterated a “hold” rating on shares of Crane in a report on Friday, August 5th. Bank of America Corp. upgraded shares of Crane from an “underperform” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Friday, July 29th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $63.00 target price (up from $57.00) on shares of Crane in a report on Wednesday, July 27th.
In other news, Director Philip R. Lochner sold 4,000 shares of Crane stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $64.90, for a total value of $259,600.00. Following the transaction, the director now owns 2,350 shares of the company’s stock, valued at $152,515. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas J. Craney sold 3,915 shares of Crane stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $64.54, for a total transaction of $252,674.10. Following the completion of the transaction, the insider now directly owns 20,062 shares in the company, valued at approximately $1,294,801.48. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Crane by 34.0% in the first quarter. Commonwealth Equity Services Inc now owns 11,082 shares of the company’s stock worth $597,000 after buying an additional 2,810 shares in the last quarter. Aperio Group LLC raised its position in Crane by 18.9% in the first quarter. Aperio Group LLC now owns 11,496 shares of the company’s stock worth $619,000 after buying an additional 1,828 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Crane during the first quarter worth approximately $574,000. TIAA CREF Investment Management LLC raised its position in Crane by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 149,539 shares of the company’s stock worth $8,054,000 after buying an additional 12,314 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in Crane by 53.0% in the first quarter. Teachers Advisors Inc. now owns 441,217 shares of the company’s stock worth $23,764,000 after buying an additional 152,764 shares in the last quarter. 67.40% of the stock is currently owned by institutional investors.
Shares of Crane (NYSE:CR) opened at 60.78 on Thursday. The firm’s 50-day moving average is $62.55 and its 200 day moving average is $59.16. The stock has a market capitalization of $3.55 billion, a P/E ratio of 14.61 and a beta of 1.37. Crane has a 1-year low of $41.68 and a 1-year high of $65.88.
Crane (NYSE:CR) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.19. Crane had a net margin of 9.01% and a return on equity of 21.25%. The company earned $712.20 million during the quarter, compared to analyst estimates of $697.13 million. During the same quarter last year, the firm posted $1.06 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect that Crane will post ($0.17) EPS for the current fiscal year.
Crane Co is a diversified manufacturer of engineered industrial products. The Company operates in four segments: 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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