Piedmont Investment Advisors LLC maintained its position in shares of Crane Co. (NYSE:CR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the conglomerate’s stock at the end of the second quarter. Piedmont Investment Advisors LLC’s holdings in Crane were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its stake in shares of Crane by 0.3% in 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 during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Crane by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate’s stock worth $586,000 after buying an additional 38 shares during the period. Bragg Financial Advisors Inc raised its stake in shares of Crane by 0.3% in the first quarter. Bragg Financial Advisors Inc now owns 27,275 shares of the conglomerate’s stock worth $2,041,000 after buying an additional 70 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Crane by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 3,795 shares of the conglomerate’s stock worth $301,000 after buying an additional 78 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Crane by 1.9% in the second quarter. M&T Bank Corp now owns 4,989 shares of the conglomerate’s stock worth $395,000 after buying an additional 91 shares during the period. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

CR has been the topic of several recent research reports. Zacks Investment Research raised Crane from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Monday, July 17th. ValuEngine raised Crane from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Wolfe Research initiated coverage on Crane in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Crane in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Crane in a research note on Monday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $76.38.

Shares of Crane Co. (CR) opened at 82.50 on Thursday. The stock has a market cap of $4.92 billion, a PE ratio of 37.59 and a beta of 1.12. The company’s 50 day moving average price is $78.11 and its 200 day moving average price is $77.85. Crane Co. has a 52-week low of $59.81 and a 52-week high of $84.34.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, July 24th. The conglomerate reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $702.53 million. Crane had a return on equity of 21.87% and a net margin of 9.86%. Crane’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, analysts anticipate that Crane Co. will post $4.49 earnings per share for the current year.

In related news, VP Kristian Robert Salovaara sold 9,200 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.20, for a total value of $701,040.00. Following the completion of the transaction, the vice president now owns 24,786 shares of the company’s stock, valued at approximately $1,888,693.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edward S. Switter sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $74.03, for a total value of $518,210.00. Following the completion of the transaction, the vice president now directly owns 23,873 shares of the company’s stock, valued at approximately $1,767,318.19. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock valued at $1,661,630 in the last ninety days. 3.10% of the stock is currently owned by insiders.

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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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