Crane Co. (CR) Director Purchases $36,248.00 in Stock
Crane Co. (NYSE:CR) Director James L. L. Tullis purchased 400 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were bought at an average price of $90.62 per share, with a total value of $36,248.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:CR opened at $92.66 on Friday. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. Crane Co. has a 1 year low of $78.93 and a 1 year high of $102.65.
Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.16. The firm had revenue of $855.80 million during the quarter, compared to analysts’ expectations of $855.87 million. Crane had a return on equity of 23.29% and a net margin of 6.76%. Crane’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, sell-side analysts anticipate that Crane Co. will post 5.87 EPS for the current year.
Several research analysts have issued reports on CR shares. UBS Group increased their price objective on Crane from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research cut Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Stifel Nicolaus increased their price objective on Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, ValuEngine upgraded Crane from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Crane currently has a consensus rating of “Buy” and an average price target of $108.13.
A number of institutional investors have recently bought and sold shares of CR. BlackRock Inc. grew its holdings in Crane by 37.1% in the third quarter. BlackRock Inc. now owns 6,077,199 shares of the conglomerate’s stock valued at $597,691,000 after purchasing an additional 1,645,668 shares during the last quarter. FMR LLC grew its holdings in Crane by 37.2% in the second quarter. FMR LLC now owns 1,205,673 shares of the conglomerate’s stock valued at $96,610,000 after purchasing an additional 326,859 shares during the last quarter. SG Americas Securities LLC grew its holdings in Crane by 765.4% in the third quarter. SG Americas Securities LLC now owns 299,107 shares of the conglomerate’s stock valued at $29,417,000 after purchasing an additional 264,546 shares during the last quarter. Dudley & Shanley Inc. grew its holdings in Crane by 734.4% in the third quarter. Dudley & Shanley Inc. now owns 222,422 shares of the conglomerate’s stock valued at $21,875,000 after purchasing an additional 195,765 shares during the last quarter. Finally, Robecosam AG grew its holdings in Crane by 142.7% in the second quarter. Robecosam AG now owns 237,759 shares of the conglomerate’s stock valued at $19,021,000 after purchasing an additional 139,815 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.
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Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.
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