Crane (NYSE:CR) was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research firms have also commented on CR. BidaskClub lowered Crane from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. ValuEngine upgraded Crane from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research lowered Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Wolfe Research upgraded Crane from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Finally, Bank of America lifted their price target on Crane from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.33.

Crane (CR) traded down $1.36 on Wednesday, reaching $82.54. The company had a trading volume of 239,900 shares, compared to its average volume of 315,428. The stock has a market capitalization of $4,979.46, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.84 and a beta of 1.17. Crane has a 12 month low of $67.62 and a 12 month high of $86.67. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $695.90 million during the quarter, compared to analyst estimates of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. analysts predict that Crane will post 4.53 earnings per share for the current year.

In other Crane news, Director E Thayer Bigelow sold 1,067 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $82.79, for a total value of $88,336.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the sale, the vice president now directly owns 84,116 shares of the company’s stock, valued at approximately $7,257,528.48. The disclosure for this sale can be found here. In the last three months, insiders sold 22,403 shares of company stock valued at $1,896,288. 3.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in shares of Crane by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock valued at $127,000 after acquiring an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Crane by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after acquiring an additional 140 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Crane by 221.0% during the second quarter. Global X Management Co. LLC now owns 1,862 shares of the conglomerate’s stock valued at $148,000 after acquiring an additional 1,282 shares in the last quarter. Howe & Rusling Inc. raised its stake in shares of Crane by 88.5% during the third quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after acquiring an additional 1,057 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in shares of Crane by 54.2% during the third quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after acquiring an additional 800 shares in the last quarter. 68.36% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Crane (NYSE:CR)

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