Crane (NYSE:CR) had its price target hoisted by analysts at Stifel Nicolaus from $115.00 to $117.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 22.55% from the stock’s current price.
CR has been the topic of several other research reports. UBS Group increased their target price on Crane from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research downgraded Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, ValuEngine downgraded Crane from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $107.44.
NYSE:CR opened at $95.47 on Monday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.78 and a beta of 1.25. Crane has a 1 year low of $78.93 and a 1 year high of $102.65. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65.
Crane (NYSE:CR) last posted its earnings results on Monday, July 23rd. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.06. The firm had revenue of $851.00 million for the quarter, compared to the consensus estimate of $834.45 million. Crane had a return on equity of 21.72% and a net margin of 6.17%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, analysts predict that Crane will post 5.76 earnings per share for the current fiscal year.
In other news, VP Curtis A. Baron, Jr. sold 5,199 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $90.87, for a total value of $472,433.13. Following the transaction, the vice president now owns 7,230 shares of the company’s stock, valued at $656,990.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brendan Curran sold 3,000 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $91.07, for a total transaction of $273,210.00. Following the completion of the transaction, the insider now directly owns 14,346 shares in the company, valued at approximately $1,306,490.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,531 shares of company stock worth $7,477,261. Insiders own 3.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CR. Cambridge Investment Research Advisors Inc. bought a new position in shares of Crane in the first quarter worth $358,000. California Public Employees Retirement System increased its stake in Crane by 8.2% in the first quarter. California Public Employees Retirement System now owns 150,537 shares of the conglomerate’s stock valued at $13,961,000 after acquiring an additional 11,369 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Crane by 26.6% in the first quarter. Russell Investments Group Ltd. now owns 29,799 shares of the conglomerate’s stock valued at $2,759,000 after acquiring an additional 6,256 shares during the last quarter. Stifel Financial Corp increased its stake in Crane by 3.1% in the first quarter. Stifel Financial Corp now owns 28,343 shares of the conglomerate’s stock valued at $2,626,000 after acquiring an additional 847 shares during the last quarter. Finally, Koch Industries Inc. increased its stake in Crane by 89.2% in the first quarter. Koch Industries Inc. now owns 4,761 shares of the conglomerate’s stock valued at $442,000 after acquiring an additional 2,245 shares during the last quarter. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
Crane Company Profile
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.
See Also: Stock Symbols Definition, Examples, Lookup