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.
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.
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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