Stifel Nicolaus reissued their hold rating on shares of Crane (NYSE:CR) in a report issued on Tuesday, MarketBeat.com reports. Stifel Nicolaus currently has a $99.00 price target on the conglomerate’s stock, up from their prior price target of $87.00.
A number of other research firms also recently weighed in on CR. Zacks Investment Research downgraded shares of Crane from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Canaccord Genuity reiterated a buy rating and set a $95.00 target price on shares of Crane in a research report on Tuesday, December 5th. Vertical Research upgraded shares of Crane from a hold rating to a buy rating in a research report on Wednesday, December 6th. Bank of America lifted their target price on shares of Crane from $90.00 to $104.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Finally, Oppenheimer reiterated a buy rating on shares of Crane in a research report on Tuesday, December 5th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $95.83.
Crane (NYSE:CR) traded up $0.58 on Tuesday, hitting $93.13. 331,241 shares of the stock were exchanged, compared to its average volume of 186,003. Crane has a one year low of $67.62 and a one year high of $93.59. The company has a current ratio of 2.66, a quick ratio of 1.96 and a debt-to-equity ratio of 0.54. The firm has a market cap of $5,492.83, a P/E ratio of 41.76, a P/E/G ratio of 1.80 and a beta of 1.17.
In other Crane news, VP Augustus I. Dupont sold 11,130 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $86.28, for a total transaction of $960,296.40. Following the completion of the transaction, the vice president now owns 84,116 shares in the company, valued at approximately $7,257,528.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James L. L. Tullis sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the transaction, the director now owns 2,110 shares of the company’s stock, valued at approximately $171,838.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,403 shares of company stock valued at $1,896,288. Company insiders own 3.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Crane by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate’s stock valued at $586,000 after acquiring an additional 38 shares in the last quarter. M&T Bank Corp increased its stake in shares of Crane by 1.9% in the 2nd quarter. M&T Bank Corp now owns 4,989 shares of the conglomerate’s stock valued at $395,000 after acquiring an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 acquiring an additional 140 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Crane by 1.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,168 shares of the conglomerate’s stock valued at $1,125,000 after acquiring an additional 236 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Crane by 2.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,136 shares of the conglomerate’s stock valued at $1,201,000 after acquiring an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 68.30% 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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