Crane Co. (NYSE:CR) has earned a consensus rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $104.78.
CR has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Crane in a research note on Friday, January 11th. Buckingham Research began coverage on shares of Crane in a research report on Monday, December 10th. They set a “buy” rating and a $93.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Raymond James reissued a “hold” rating on shares of Crane in a research report on Thursday, January 10th.
Shares of CR traded up $0.02 during mid-day trading on Friday, hitting $76.49. 7,808 shares of the company traded hands, compared to its average volume of 283,468. Crane has a one year low of $67.18 and a one year high of $102.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. The stock has a market capitalization of $4.55 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38.
In other news, Director James L. L. Tullis acquired 400 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was 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. Also, insider Louis V. Pinkham sold 4,400 shares of Crane stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $93.15, for a total transaction of $409,860.00. Following the completion of the transaction, the insider now directly owns 23,545 shares of the company’s stock, valued at approximately $2,193,216.75. The disclosure for this sale can be found here. In the last three months, insiders sold 20,767 shares of company stock valued at $1,885,878. Insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CR. Sageworth Trust Co boosted its holdings in shares of Crane by 466.7% during the 3rd quarter. Sageworth Trust Co now owns 1,700 shares of the conglomerate’s stock worth $167,000 after buying an additional 1,400 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Crane during the 3rd quarter worth about $209,000. Oppenheimer & Co. Inc. bought a new stake in shares of Crane during the 3rd quarter worth about $221,000. PEAK6 Investments LLC bought a new stake in Crane in the 3rd quarter valued at about $224,000. Finally, MML Investors Services LLC bought a new stake in Crane in the 3rd quarter valued at about $226,000. 70.23% of the stock is owned by institutional investors.
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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