Crane Co. (CR) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its holdings in Crane Co. (NYSE:CR) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,800 shares of the conglomerate’s stock after selling 1,000 shares during the quarter. New England Research & Management Inc.’s holdings in Crane were worth $1,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CR. Acrospire Investment Management LLC boosted its stake in shares of Crane by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the conglomerate’s stock valued at $127,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Crane by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778 shares of the conglomerate’s stock valued at $141,000 after purchasing an additional 140 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Crane by 88.5% in the 3rd quarter. Howe & Rusling Inc. now owns 2,252 shares of the conglomerate’s stock valued at $180,000 after purchasing an additional 1,057 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Crane by 54.2% in the 3rd quarter. ClariVest Asset Management LLC now owns 2,276 shares of the conglomerate’s stock valued at $182,000 after purchasing an additional 800 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Crane in the 3rd quarter valued at about $209,000. 68.30% of the stock is currently owned by institutional investors.

Crane Co. (CR) traded up $0.22 during trading on Tuesday, reaching $91.57. 251,900 shares of the company traded hands, compared to its average volume of 231,560. Crane Co. has a twelve month low of $67.62 and a twelve month high of $91.67. The company has a market cap of $5,460.00, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.96, a current ratio of 2.66 and a debt-to-equity ratio of 0.54.

Crane (NYSE:CR) last released its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The business had revenue of $695.90 million for the quarter, compared to analyst estimates of $679.77 million. During the same quarter last year, the firm earned $1.07 EPS. Crane’s quarterly revenue was up .2% compared to the same quarter last year. research analysts anticipate that Crane Co. will post 4.53 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. ValuEngine raised shares of Crane from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America raised their target price on shares of Crane from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer reaffirmed a “buy” rating and issued a $92.00 target price (up previously from $88.00) on shares of Crane in a research note on Wednesday, October 25th. Wolfe Research lowered shares of Crane from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Crane from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Crane has a consensus rating of “Buy” and an average price target of $93.83.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total transaction of $162,880.00. Following the sale, the director now directly owns 2,110 shares in the company, valued at approximately $171,838.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Following the sale, the vice president now owns 84,116 shares in the company, valued at $7,257,528.48. The disclosure for this sale can be found here. Insiders have sold a total of 22,403 shares of company stock worth $1,896,288 over the last 90 days. Corporate insiders own 3.10% 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.

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Institutional Ownership by Quarter for Crane (NYSE:CR)

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