Crane Co. (CR) Director Purchases $36,248.00 in Stock

Crane Co. (NYSE:CR) Director James L. L. Tullis bought 400 shares of the company’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $90.62 per share, with a total value of $36,248.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Crane stock opened at $92.66 on Friday. Crane Co. has a one year low of $78.93 and a one year high of $102.65. The stock has a market cap of $5.53 billion, a PE ratio of 20.45, a P/E/G ratio of 1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 22nd. The conglomerate reported $1.62 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.16. Crane had a return on equity of 23.29% and a net margin of 6.76%. The business had revenue of $855.80 million during the quarter, compared to the consensus estimate of $855.87 million. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, sell-side analysts predict that Crane Co. will post 5.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, November 29th. Crane’s dividend payout ratio is presently 30.91%.

Several institutional investors have recently made changes to their positions in the company. Janney Capital Management LLC grew its position in shares of Crane by 11.4% during the second quarter. Janney Capital Management LLC now owns 5,928 shares of the conglomerate’s stock worth $475,000 after buying an additional 609 shares in the last quarter. Creative Planning grew its position in shares of Crane by 3.0% during the third quarter. Creative Planning now owns 24,878 shares of the conglomerate’s stock worth $2,447,000 after buying an additional 714 shares in the last quarter. Arizona State Retirement System grew its position in shares of Crane by 2.1% during the third quarter. Arizona State Retirement System now owns 35,970 shares of the conglomerate’s stock worth $3,538,000 after buying an additional 737 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Crane by 9.1% during the second quarter. Brown Advisory Inc. now owns 8,898 shares of the conglomerate’s stock worth $713,000 after buying an additional 744 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Crane by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 19,748 shares of the conglomerate’s stock worth $1,582,000 after buying an additional 771 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on CR shares. Zacks Investment Research downgraded Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. UBS Group lifted their target price on Crane from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus lifted their target price on Crane from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Finally, ValuEngine raised Crane from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $108.13.

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About Crane

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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