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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, November 29th. Crane’s payout ratio is 30.91%.

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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About Crane

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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