Crane Co. (NYSE:CR) VP A D. Pantaleoni sold 5,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $74.29, for a total value of $371,450.00. Following the completion of the sale, the vice president now owns 9,876 shares of the company’s stock, valued at $733,688.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Crane Co. (NYSE:CR) traded up 0.57% during trading on Wednesday, reaching $75.67. 382,351 shares of the company traded hands. The stock has a market capitalization of $4.44 billion, a P/E ratio of 17.72 and a beta of 1.13. The firm’s 50 day moving average is $66.98 and its 200-day moving average is $61.92. Crane Co. has a 12-month low of $41.68 and a 12-month high of $76.09.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 24th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Crane had a net margin of 9.17% and a return on equity of 20.59%. The firm had revenue of $694 million for the quarter, compared to analysts’ expectations of $666.89 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Crane Co. will post $4.19 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 30th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, November 28th. Crane’s payout ratio is 30.99%.

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Crane by 2.4% in the third quarter. UBS Group AG now owns 5,109,723 shares of the company’s stock worth $321,964,000 after buying an additional 119,442 shares during the last quarter. Vanguard Group Inc. boosted its position in Crane by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,869,873 shares of the company’s stock worth $219,500,000 after buying an additional 265,637 shares during the last quarter. BlackRock Fund Advisors boosted its position in Crane by 4.9% in the third quarter. BlackRock Fund Advisors now owns 1,835,709 shares of the company’s stock worth $115,668,000 after buying an additional 86,306 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Crane by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,475,743 shares of the company’s stock worth $92,987,000 after buying an additional 15,395 shares during the last quarter. Finally, State Street Corp boosted its position in Crane by 3.4% in the second quarter. State Street Corp now owns 1,270,734 shares of the company’s stock worth $72,078,000 after buying an additional 41,461 shares during the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.

A number of analysts recently weighed in on the company. Oppenheimer Holdings Inc. assumed coverage on Crane in a report on Thursday, November 17th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Crane from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Credit Suisse Group AG set a $8.00 price target on Crane and gave the stock a “hold” rating in a report on Sunday, November 6th. Canaccord Genuity increased their price target on Crane from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, October 26th. Finally, Stifel Nicolaus increased their price target on Crane from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, October 26th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $60.08.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another domain, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/23/crane-co-cr-vp-a-d-pantaleoni-sells-5000-shares.html.

About Crane

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.

5 Day Chart for NYSE:CR

Receive News & Stock Ratings for Crane Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Co. and related stocks with our FREE daily email newsletter.