Crane Co. (NYSE:CR) VP James A. Lavish sold 12,984 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $94.90, for a total transaction of $1,232,181.60. Following the completion of the sale, the vice president now directly owns 16,997 shares in the company, valued at $1,613,015.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Crane Co. (NYSE CR) traded up $0.62 during trading hours on Monday, reaching $94.85. 240,505 shares of the company’s stock were exchanged, compared to its average volume of 317,911. The stock has a market cap of $5,592.54, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.81. Crane Co. has a 52 week low of $70.56 and a 52 week high of $102.65.
Crane (NYSE:CR) last released its earnings results on Monday, January 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The company had revenue of $714.20 million for the quarter, compared to analyst estimates of $702.50 million. Crane had a net margin of 6.17% and a return on equity of 20.66%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. equities analysts predict that Crane Co. will post 5.39 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Canaccord Genuity reissued a “buy” rating on shares of Crane in a research note on Friday, November 3rd. Boenning Scattergood reissued a “hold” rating on shares of Crane in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, AltaCorp Capital reissued a “buy” rating on shares of Crane in a research note on Monday, January 15th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Crane has a consensus rating of “Buy” and an average target price of $106.28.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Crane by 2.6% in the 4th quarter. BlackRock Inc. now owns 4,209,820 shares of the conglomerate’s stock valued at $375,599,000 after purchasing an additional 108,360 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Crane by 13.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,440,120 shares of the conglomerate’s stock valued at $115,195,000 after purchasing an additional 167,051 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Crane by 0.4% in the 3rd quarter. Gabelli Funds LLC now owns 1,135,100 shares of the conglomerate’s stock valued at $90,797,000 after purchasing an additional 4,000 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Crane by 31.9% during the 4th quarter. Victory Capital Management Inc. now owns 874,707 shares of the conglomerate’s stock worth $78,041,000 after acquiring an additional 211,710 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Crane by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 647,568 shares of the conglomerate’s stock worth $51,798,000 after acquiring an additional 5,071 shares during the period. Institutional investors own 68.81% of the company’s stock.
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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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