Crane Company (NYSE:CR) VP Edward S. Switter sold 7,000 shares of Crane stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $74.03, for a total transaction of $518,210.00. Following the completion of the sale, the vice president now owns 23,873 shares of the company’s stock, valued at approximately $1,767,318.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Crane Company (NYSE CR) opened at 74.31 on Monday. Crane Company has a 1-year low of $59.81 and a 1-year high of $84.34. The firm has a market cap of $4.43 billion, a P/E ratio of 33.85 and a beta of 1.11. The firm has a 50 day moving average of $76.44 and a 200 day moving average of $76.75.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, July 24th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. Crane had a net margin of 4.79% and a return on equity of 20.57%. The company had revenue of $702.50 million during the quarter, compared to analyst estimates of $702.53 million. During the same quarter in the prior year, the business earned $1.21 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Crane Company will post $4.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 29th. Crane’s payout ratio is currently 60.83%.

ILLEGAL ACTIVITY WARNING: “Crane Company (CR) VP Sells $518,210.00 in Stock” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/04/crane-company-cr-vp-sells-518210-00-in-stock.html.

Several institutional investors have recently added to or reduced their stakes in CR. BlackRock Inc. increased its position in shares of Crane by 9,355.1% in the first quarter. BlackRock Inc. now owns 3,997,437 shares of the conglomerate’s stock worth $299,129,000 after acquiring an additional 3,955,159 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Crane by 115.7% in the second quarter. Principal Financial Group Inc. now owns 1,273,069 shares of the conglomerate’s stock worth $101,056,000 after acquiring an additional 682,934 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Crane by 148.3% in the first quarter. Systematic Financial Management LP now owns 661,439 shares of the conglomerate’s stock worth $49,495,000 after acquiring an additional 395,055 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Crane by 31.7% in the first quarter. AQR Capital Management LLC now owns 1,533,772 shares of the conglomerate’s stock worth $114,772,000 after acquiring an additional 369,589 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Crane by 69.0% in the second quarter. Prudential Financial Inc. now owns 640,052 shares of the conglomerate’s stock worth $50,807,000 after acquiring an additional 261,354 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Several analysts recently weighed in on CR shares. Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Thursday, May 18th. Canaccord Genuity upgraded shares of Crane from a “hold” rating to a “buy” rating and lifted their target price for the company from $78.00 to $92.00 in a report on Tuesday, May 16th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $84.00 target price on shares of Crane in a report on Thursday, July 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.88.

Crane Company Profile

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.

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

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