Sterling Capital Management LLC held its position in Crane Company (NYSE:CR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,900 shares of the conglomerate’s stock at the end of the 2nd quarter. Sterling Capital Management LLC owned approximately 0.53% of Crane worth $24,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Public Employees Retirement Association of Colorado boosted its stake in Crane by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 9,932 shares of the conglomerate’s stock worth $788,000 after buying an additional 27 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Crane by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate’s stock valued at $586,000 after acquiring an additional 38 shares during the period. Bragg Financial Advisors Inc lifted its holdings in shares of Crane by 0.3% during the first quarter. Bragg Financial Advisors Inc now owns 27,275 shares of the conglomerate’s stock valued at $2,041,000 after acquiring an additional 70 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Crane by 2.1% during the second quarter. Teacher Retirement System of Texas now owns 3,795 shares of the conglomerate’s stock valued at $301,000 after acquiring an additional 78 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Crane by 1.9% during the second quarter. M&T Bank Corp now owns 4,989 shares of the conglomerate’s stock valued at $395,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 69.42% of the company’s stock.

A number of brokerages have issued reports on CR. Scotiabank reissued a “buy” rating on shares of Crane in a report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $84.00 price objective on shares of Crane in a report on Wednesday, October 4th. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Boenning Scattergood reissued a “hold” rating on shares of Crane in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Crane in a report on Monday, September 25th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Crane presently has a consensus rating of “Buy” and a consensus target price of $76.38.

In other news, VP Kristian Robert Salovaara sold 9,200 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.20, for a total transaction of $701,040.00. Following the completion of the transaction, the vice president now directly owns 24,786 shares in the company, valued at $1,888,693.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Thayer Bigelow sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $73.73, for a total value of $442,380.00. The disclosure for this sale can be found here. Insiders sold 22,200 shares of company stock valued at $1,661,630 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

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Crane Company (NYSE CR) traded up 0.719% on Friday, hitting $81.995. The company had a trading volume of 52,152 shares. Crane Company has a 12-month low of $59.81 and a 12-month high of $84.34. The firm has a market capitalization of $4.89 billion, a PE ratio of 37.355 and a beta of 1.12. The firm has a 50-day moving average price of $77.12 and a 200-day moving average price of $77.58.

Crane (NYSE:CR) last posted its earnings results on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $702.50 million during the quarter, compared to the consensus estimate of $702.53 million. Crane had a return on equity of 20.57% and a net margin of 4.79%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. On average, equities research analysts anticipate that Crane Company will post $4.48 earnings per share for the current fiscal year.

About Crane

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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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