Crane (NYSE:CR) PT Lowered to $99.95

Crane (NYSE:CR) had its price objective dropped by research analysts at Canaccord Genuity from $100.00 to $99.95 in a research report issued on Wednesday, January 31st. Canaccord Genuity’s target price points to a potential upside of 11.74% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. AltaCorp Capital restated a “buy” rating on shares of Crane in a research note on Monday, January 15th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Vertical Research upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Oppenheimer reaffirmed a “buy” rating on shares of Crane in a research report on Tuesday, December 5th. Finally, Seaport Global Securities raised Crane from a “neutral” rating to a “buy” rating and raised their target price for the stock from $78.00 to $95.00 in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $106.28.

Crane (NYSE CR) opened at $89.45 on Wednesday. Crane has a twelve month low of $70.56 and a twelve month high of $102.65. The company has a market capitalization of $5,308.86, a P/E ratio of 31.50, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a quick ratio of 1.40, a current ratio of 1.81 and a debt-to-equity ratio of 0.37.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, January 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Crane had a return on equity of 20.66% and a net margin of 6.17%. The firm had revenue of $714.20 million for the quarter, compared to the consensus estimate of $702.50 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. analysts expect that Crane will post 5.39 EPS for the current fiscal year.

In related news, VP Augustus I. Dupont sold 16,396 shares of Crane stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $97.74, for a total value of $1,602,545.04. Following the completion of the sale, the vice president now directly owns 102,994 shares in the company, valued at $10,066,633.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total value of $162,880.00. Following the transaction, the director now owns 2,110 shares of the company’s stock, valued at $171,838.40. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. grew its position in shares of Crane by 88.5% during the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock worth $180,000 after buying an additional 1,057 shares during the period. ClariVest Asset Management LLC grew its position in shares of Crane by 54.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock worth $182,000 after buying an additional 800 shares during the period. Fruth Investment Management bought a new position in shares of Crane during the 4th quarter valued at about $205,000. Levin Capital Strategies L.P. bought a new position in shares of Crane during the 4th quarter valued at about $208,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Crane during the 3rd quarter valued at about $209,000. Institutional investors own 67.53% of the company’s stock.

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Crane Company Profile

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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